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Quote on Bank Nifty : The Bank Nifty index recently found support at a crucial level Says Kunal Shah, LKP Securities
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Below View on Nifty 15 August 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
"The Bank Nifty index recently found support at a crucial level, the 100-day moving average (DMA), positioned at 43600.The index's potential to experience a pullback rally is contingent on maintaining this level above the 100DMA on a closing basis.The immediate obstacle for the index is situated around 44000. An upward breach beyond this level could validate a move towards 44300 or 44500 levels."
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