Quote on Bank Nifty : The bears came back strong and the index witnessed stiff resistance at 41,000 Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 2 March 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
The bears came back strong and the index witnessed stiff resistance at 41,000 where fresh call writing was visible. The index remains in a sell-on-rise mode as long it stays below the mentioned resistance zone. The index immediate support on the downside stands at 40,000 and if breached will lead to a further downside towards 39,500 levels.
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