Quote on Bank Nifty : The index remains in a sell-on-rise mode as long it stays below the level of 42000 Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 13 February 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
The Bank Nifty index faced selling pressure at the higher levels and failed to surpass the level of 41800. The options data indicates the resistance at 42000 where the highest open interests are built up on the call side. The index once closes above 42000 will sharp short covering towards 43000-43500 levels. The index remains in a sell-on-rise mode as long it stays below the level of 42000.
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