Quote on Bank Nifty : The Bank Nifty index encountered resistance at 44,500, where notable selling pressure emerged in the last half-hour of trading says Kunal Shah, LKP Securities
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Below the Quote On Bank Nifty 16 November 2023 By Kunal Shah,Senior Technical & Derivative Analyst at LKP Securities.
"The Bank Nifty index encountered resistance at 44,500, where notable selling pressure emerged in the last half-hour of trading. The index continues to adopt a "buy on dip" strategy, with a support level at 43,700, aligning with its 20-day moving average (20 DMA). A close above 44,500 is anticipated to trigger additional short-covering, potentially propelling the index towards the 45,000 mark."
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