Quote on Bank Nifty : The bears in the Bank NIFTY index have maintained their hold on the resistance level of 44000 Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 22 June 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
The bears in the Bank NIFTY index have maintained their hold on the resistance level of 44000. The index will only resume its upward movement with a breakout above 44000 on a closing basis. The overall market sentiment remains negative, suggesting a sell-on-rise approach. The lower end support level is at 43400, which is the last hope for the bulls. The momentum indicator RSI is trading below the level of 60 which confirms the weak momentum on the upside.
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