Quote on Bank Nifty: The index on the upside immediately faces a hurdle at 43,000 Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 27 December 2022 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
"The BANK NIFTY index witnessed buying from the lower level and the bulls managed to hold the support of 42,400. The index on the upside immediately faces a hurdle at 43,000 where the highest open interest is built up on the call side. The index remains in a buy-on-dip mode and might continue to trade in the broad range of 42,000-43,000. The index on a sustainable move above 43,000 will witness a sharp short covering towards the 44,000 mark."
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