Quote on Bank Nifty : The Bank Nifty slipped lower after a few days of consolidation Says Rupak De, LKP Securities
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Below View on Bank Nifty 10 March 2023 By Rupak De, Senior Technical Analyst at LKP Securities
The Bank Nifty slipped lower after a few days of consolidation. On the weekly chart, a dark cloud cover pattern is formed, indicating a bearish reversal in the trend. On the daily chart, the index has fallen below its 14-day moving average, indicating bearishness. On the lower end, the index may drift down towards 39650–39500. On the higher end, 41,000 is likely to remain a resistance.
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