Quote on Bank Nifty : The Bank Nifty bears took over the control and the index fell by more than 2% Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 05 May 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
The Bank Nifty bears took over the control and the index fell by more than 2% breaking the support of the 43,000-42,800 zone. The index if sustained below 43000 will witness further correction towards the 42,500-42,300 zone where the next demand area is visible. The upside resistance of 43,000 if taken out decisively will lead to further short covering toward 43,300 levels.
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