Quote on Bank Nifty : The Bank Nifty remained sideways following a positive start Says Rupak De, LKP Securities
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Below View on Bank Nifty 07 June 2023 By Rupak De, Senior Technical Analyst at LKP Securities
The Bank Nifty remained sideways following a positive start. The undertone of the index is still bullish, maintaining the support of 44000 in a spot where a decent amount of Put writing is seen and resistance is still intact at 44500. After the central bank policy the Bank Nifty is expected to give a move on either side. Upon a decisive move 44500 we might see strong directional upside moves.
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