Quote on Bank Nifty: The Bank Nifty remained volatile before ending around the day`s high Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 18 January 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
"The Bank Nifty remained volatile before ending around the day's high. On the daily chart, the banking index has closed above the 50-day exponential moving average. The momentum indicator has entered a bullish crossover. Furthermore, the index has remained above the 200-day moving average. On the higher end, a resistance is visible at 42500; a rally may come upon a decisive breakout above the 42500 mark."
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