Quote on Bank Nifty : The Bank NIFTY index is currently witnessing a continued battle between the bulls and the bears Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 21 June 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
The Bank NIFTY index is currently witnessing a continued battle between the bulls and the bears. It has a support level at 43500, which is indicated by the presence of maximum put writing. On the other hand, there is resistance at 44000Ce, where the highest open interest is seen on the call side. A break on either side of this range is expected to result in trending moves. Within the range, it is advisable to adopt a buy-on-dip approach.
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