Quote on Bank Nifty: The index has to break the range on either side for trending moves Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 12 December 2022 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
"The Bank Nifty index is likely to witness consolidation in the range of 43,000-44,000 where the highest amount of open interest is built up on the put and the call side respectively. The index has to break the range on either side for trending moves which may be seen after the key event of the fed policy due on Wednesday. The undertone remains bullish within the range and one should keep a buy-on-dip approach with immediate support seen at the 43,400 level."
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