Quote on Bank Nifty : The key support levels to watch out for are 44000 and 43700 Says Rupak De, LKP Securities
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Below View on Bank Nifty 15 May 2023 By Rupak De, Senior Technical Analyst at LKP Securities
The Bank Nifty index reached the previous swing high of 44151.80 but closed around the 44000 level. It managed to close just above the psychological level of 44000, which is a positive indication. The decent addition in the 44000PE suggests that there is a strong support at 44000. However, a decisive fall below 44000 could potentially trigger panic in the banking sector. On the other hand, a decisive move above 44152 might propel the Bank Nifty towards the 44500 level. The key support levels to watch out for are 44000 and 43700.
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