Quote on Bank Nifty:The Bank Nifty had fallen below the critical support level of 41800 Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 25 January 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
Bank Nifty had fallen below the critical support level of 41800, leading to a quick drop towards 40000. Besides, the index has sustained below the crucial moving average 50 EMA. The RSI is in bearish crossover and falling. Over the short term the index may remain under selling pressure. On the lower end, support is visible at 40000; whereas on the higher end, resistance is visible at 40800.
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