Quote on Bank Nifty : The Bank index continued its rally on the upside and any dip was bought confidently by the bulls Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 06 April 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
"The Bank index continued its rally on the upside and any dip was bought confidently by the bulls. The index surpassed the level of 40,000 last week and post that there has been a one-way rally. The index is now trading around the next resistance zone of 41,000 and if we sustain above this in the upcoming week we expect the rally to continue higher toward the 42,000 mark. The lower-end support is visible at the 40,600-40,500 zone which will act as a cushion for the bulls."
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