Quote on Bank Nifty : The upcoming sessions are crucial for the bulls as they aim to defend the critical support zone of 44000-43800 Says Kunal Shah, LKP Securities
Below View on Bank Nifty 31 August 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
"During the last day of August expiry, the BankNifty index faced persistent selling pressure from the bears, ultimately leading to a negative close of 0.35% for the day. The upcoming sessions are crucial for the bulls as they aim to defend the critical support zone of 44000-43800. Failure to hold this support level could trigger additional declines, potentially pushing the index towards the 43000 mark.On the upside, the immediate obstacle for the index lies at 44200. If the index manages to breach this level, it could set the stage for further upward movement towards the 44500 level."
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