Quote on Bank Nifty: Index on the upside to resume the momentum must surpass the hurdle of 43,500 on a closing basis Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 30 November 2022 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
"The BANK NIFTY index continued to trade in a narrow range between 43,000-43,500 where both the bulls and the bears are sitting on the lines. The undertone remains bullish and one should keep a buy-on-dip approach as long as it maintains the support of 42,800 on the downside. The index on the upside to resume the momentum must surpass the hurdle of 43,500 on a closing basis."
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