Quote on Bank Nifty : Selling pressure was observed from the resistance zone around 44200 Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 01 June 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
The Bank Nifty index remained under the control of bears as they maintained their grip on the market. Selling pressure was observed from the resistance zone around 44200, suggesting that sellers were active at that level. If the index sustains below the level of 44,000, it could indicate further downside potential. In such a scenario, the index may witness a decline toward the support zone around 43,500-43,400.
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