Quote on Bank Nifty : The Bank Nifty bulls were able to hold 41,500 on a closing basis Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 9 February 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
The Bank Nifty remained mostly sideways as the index failed to witness a directional move during the day. The momentum indicator RSI is in bullish crossover on the hourly chart. Besides, the Bank Nifty bulls were able to hold 41,500 on a closing basis. On the lower end, support is placed at 41500/41300/41000. The resistance on the higher end is pegged at 41800/42000.
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