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Below View on Bank Nifty 09 June 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities

The Bank Nifty index is currently experiencing selling pressure as the bears maintain their control at higher levels. The resistance zone between 44300 and 44500 has proven to be strong, preventing the index from making significant upward moves.On the downside, there is a support level at 43700, which has the potential to act as a buying opportunity. If the index manages to hold above this support level, it could attract buyers who see it as a favorable entry point.It is important to monitor the price action around these key levels, as a break above the resistance zone or a breach below the support level could indicate a potential change in the market sentiment and trigger further directional moves.

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