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Quote on Bank Nifty: On a closing basis on the daily chart, the BANK NIFTY index failed to break through the barrier of 42700 Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 20 January 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
"On a closing basis on the daily chart, the BANK NIFTY index failed to break through the barrier of 42700. The index range is between 42000 and 42700, and a break of this range will lead to trending moves on either side. The bulls are forming solid support at the lower end, which if broken will result in a sharp downward correction."
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