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Quote on Bank Nifty : The Bank Nifty index experienced range-bound movement throughout the day Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 23 May 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
The Bank Nifty index experienced range-bound movement throughout the day, indicating a lack of clear trend. The ongoing battle between bulls and bears suggests a struggle for control in the market. The index found immediate support at 43,500 and faced resistance at 44,100, highlighting key levels to watch. A break above or below this range could trigger significant directional moves in the market. Traders and investors should closely monitor the index for a potential shift in momentum.
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