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.
Above views are of the author and not of the website kindly read disclaimer
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