Quote on Bank Nifty: The index tested the support of 43,000 Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 04 January 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
The BANK NIFTY index witnessed a false breakout on the upside and the bears hammered the market throughout the day. The index tested the support of 43,000 and now a follow-up selling move is required to continue the downtrend towards the 42,500-42,00 zone which will act as make or break level for the bulls. The undertone remains bearish and one should keep a sell-on-rise approach with immediate resistance at the 43,400-43,500 zone.
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