Quote on Bank Nifty: The BANK NIFTY bulls came back with full strength and knocked out the bears Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 24 November 2022 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
"The BANK NIFTY bulls came back with full strength and knocked out the bears from the resistance zone of 42,600-42,800 on the last day of monthly expiry. It has witnessed a fresh breakout on the daily chart, pushing it higher towards the level of 44,000 in the near term. The lower-end support is now visible at 42,600 which will act as a cushion for the bulls. The broader participation will resume in markets helping it to scale on the higher end."
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