Quote on Bank Nifty: The bears are riding the upper hand and if the index breaks 41500 Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 12 January 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
The Bank Nifty index witnessed a volatile trading session on the weekly expiry day, and this trend is likely to continue in the near term. The bulls, in order to gain control, must surpass the immediate hurdle of 42500, where fresh call writing is visible. The bears are riding the upper hand, and if the index breaks 41500, the down move will accelerate.
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