BankNifty Today — 03 MAY 2023 Post-Mortem Analysis + FOMC in focus

Just look at the 5mts chart of banknifty today — what do you see? I see the strength of the bulls. Even though the opening was gap-down and below the support line 43253, banknifty managed to scale back by 10.45. The first attempt was rejected — rightly so because Nifty50 was looking weak and the market participants would have…