Quote on Bank Nifty : The momentum indicator is in bearish crossover Says Rupak De, LKP Securities
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Below View on Bank Nifty 15 March 2023 By Rupak De, Senior Technical Analyst at LKP Securities
Bank Nifty failed to capitalise on the early gain as the index closed below the previous session's low at the end of a volatile session. The index has sustained below the critical short-term moving averages on the daily chart. The momentum indicator is in bearish crossover. A fall below 39000 may trigger further corrections towards 38800/38500. On the higher end, resistance is visible at 39500.
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