Quote on Bank Nifty : The Bank Nifty had fallen below the critical support level of 41800 Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 1 February 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
"The Bank Nifty witnessed a highly volatile session as the index hovered within a 2500-point range. On the daily chart, the index has sustained below the 50 EMA. The daily momentum indicator RSI is in bullish crossover. The sentiment is likely to remain weak as long as it remains below 41150. On the lower end, support is placed at 39500/38800. On the higher end, resistance is visible at 41150."
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