Quote on Bank Nifty : "The Bank Nifty index experienced a significant bearish takeover, leading to a rapid correction of 600 points from the day`s high Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 30 August 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
"The Bank Nifty index experienced a significant bearish takeover, leading to a rapid correction of 600 points from the day's high. As the index navigates this downward movement, its next significant support on the downside is positioned at 44000. This level is crucial, given the substantial open interest built up on the put side.The overall market sentiment remains bearish, with considerable resistance anticipated around the range of 44500 to 44700 levels."
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