Quote On Bank Nifty : The index remains in a buy-on-dip mode with immediate support at the 40,500-40,300 zone Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 21 October 2022 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
"The Bank Nifty index witnessed a breakout on the daily chart with a sharp surge in volumes. The index is trading in a strong uptrend with higher low and higher high formation intact. The index remains in a buy-on-dip mode with immediate support at the 40,500-40,300 zone. The immediate hurdle on the upside is seen at 41,000 and once breached will open gates for 42,000 on the upside."
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