Quote on Bank Nifty : The Bank Nifty remained positive throughout the day following a consolidation Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 1 March 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
The Bank Nifty remained positive throughout the day following a consolidation breakout on the daily chart. During the day, it moved closer to the 14 DMA. The momentum oscillator RSI is in bullish crossover. A double bottom formation on the daily RSI is likely to provide positive momentum in the space. On the higher end, it may move towards 41000. On the lower end, support is placed at 40400.
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