Quote on Bank Nifty : The index remains in a buy-on-dip mode as long as the index stays above 17,000 Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 20 March 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
The Nifty index witnessed sideways momentum throughout the day but the index managed to close in green. The index remains in a buy-on-dip mode as long as the index stays above 17,000. The immediate hurdle on the upside is at 17,200 where the highest open interest is built up on the call side. The index once surpassed the resistance will witness a sharp move on the upside toward the 17,500 level.
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