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Quote on Bank Nifty : The index Bank Nifty has witnessed a strong bullish trend with the bulls dominating the market from Kunal Shah, at LKP Securities
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Below Quote on Bank Nifty 03rd July 2023 from Kunal Shah,Senior Technical & Derivative analyst at LKP Securities:
The index Bank Nifty has witnessed a strong bullish trend with the bulls dominating the market. It successfully surpassed the hurdle of 45,000, indicating the strength of the upward momentum.With the resistance level now turning into support, it suggests a positive outlook for the index. Traders and investors should maintain a buy approach, taking advantage of the bullish sentiment.However, it is important to note that the next resistance level is at 45,500, where fresh call writing has been observed. This indicates a potential hurdle that may slow down the upward movement of the index.
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