Quote on Bank Nifty : This suggests that the index is likely to move sideways Says Kunal Shah, LKP Securities
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/06/9ff7046dd308fc6c1067dba7a6717dfa.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below View on Bank Nifty 05 June 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
The BANK NIFTY index lackluster movement ahead of the RBI (Reserve Bank of India) policy announcement, suggests that market participants were cautious and waiting for guidance from the central bank. The HDFC twins, likely referring to HDFC Bank and HDFC Limited, had a negative impact on the Bank Nifty index during the session. The performance of these stocks influenced the overall movement of the index. Based on the current scenario, the Bank Nifty index is expected to continue to trade within the range of 43700-44300. This suggests that the index is likely to move sideways, lacking a clear trend. However, it's important to note that a break on either side of this range can lead to a directional move, potentially indicating a shift in the market sentiment and momentum.
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/insurance 123.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Wipro.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/2b1715f7e03b51b0ac9c014eb224fc1f.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/gdp22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Dollar retures 2.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/health22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Arvind Kapil, MD and CEO, Poonawalla Fincorp.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/stock8.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/cc796169e4f7c012914c95f4a8efe430.jpg)
Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing w...
![Weekly market outlook : The market is eagerly awaiting data on inflation and industrial production to provide further guidance Says Vinod Nair, Geojit Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/5f1fa5f12be5ac87ff9258ea3909f0f8.jpg)
![Nifty registers best week in 2 months after rising for 6 consecutive sessions](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/95f11bf3e1fc515ff0aed747520314dc.jpg)
![Market Quote : Benchmark Indices ended the week today just a few percentage away from record highs Says S Ranganathan, LKP securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/f33c3d1dad571464e55a94475ae32892.jpg)
More News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/07/43301d7ab63f1acd1442f57da82a517d.jpg)
Perspective On the market By Joseph Thomas, Emkay Wealth Management
![Daily Market Analysis : Markets traded volatile on the weekly expiry day and ended marginally in the green Says Mr. Ajit Mishra, Religare Broking](https://portfolio.investmentguruindia.com/uploads/news/4f6353ee555fe19f0a2d41186d2d6dcd.jpg)
![Morning market quote : An important trend in the market is the increasing clout of DIIs Says Dr. V K Vijayakumar, Geojit Financial Services](https://portfolio.investmentguruindia.com/uploads/news/broker_85.jpg)
![Market Quote 21 April 2022 By S Ranganathan, LKP Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/04/a2f008dbdd20e8de8231e54f8a19ac3e.jpg)