Quote on Bank Nifty : The index faces stiff resistance at 42,000 Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 7 February 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
The BANK NIFTY index witnessed a range-bound trading session post the RBI policy outcome. The index faces stiff resistance at 42,000 where the highest open interest is built up on the call side. The index needs to break this level decisively for resuming the uptrend. The undertone remains bullish and one should keep a buy-on-dip approach with immediate support at the 41,300 level.
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