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Below View on Bank Nifty 23 June 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities

The Bank NIFTY index witnessed an ongoing battle between the bulls and bears throughout the week. The index faces resistance at the 44000 level, where the highest open interest is built up on the call side. On the other hand, support is observed at the 43500PE level, where put writers are active. A break on either side of this range is likely to result in a directional move for the index. However, the overall sentiment remains bearish as long as the index stays below the 44000 level.

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