Quote on Bank Nifty : The index downside support stands at 41,500-41,400 Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 12 April 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
The BANK NIFTY index continued its strong upward momentum and surpassed the immediate hurdle of 41,500. The index remains in buy mode and is likely to achieve the target of 41,800-42,000 levels on the upside where fresh call writing is visible. The index downside support stands at 41,500-41,400 levels and as long as this support is not breached on a closing basis the trend remains positive.
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