Quote on Bank Nifty : The Bank Nifty index experienced persistent selling pressure around the 44500 Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 08 June 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
Following the RBI policy, the Bank Nifty index experienced persistent selling pressure around the 44500 level. In terms of support levels, the index has a support level positioned at 43700. This level is crucial as a breach below it could intensify the selling pressure in the market. A breach below this support level might indicate a further downside potential and could attract additional selling interest from traders and investors. The index is stuck in a range and a break on either side will have directional move.
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