Quote on Bank Nifty : The fight between the bulls and bears continues in the Bank Nifty Index Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 25 May 2023 By Kunal Shah, Senior Technical Analyst at LKP Securities
The fight between the bulls and bears continues in the Bank Nifty Index. The bulls have been trying to push the index higher, but the bears have been successful in keeping it in check. The monthly expiry on May 24 witnessed volatile trading, but the index managed to hold the support of 43,400. This is a positive sign for the bulls, as it shows that there is still demand for the index at this level. The resistance is at 44,000, where the highest open interest is built up on the call side. This means that there is a lot of potentials for the index to move higher if it can break through this resistance level.
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