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Quote On Bank Nifty : The momentum oscillators are in the strong buying zone which will help the index to move higher Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 16 November 2022 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
"The Bank Nifty bulls carried on the momentum on the upside and managed to close the index around the level of 42,500 which is the next hurdle. The index if it manages to sustain above 42,500 will continue to move higher toward the 43,000 level. The index lower ends support stands at 42,000 where the highest open interest is built up on the put side. The momentum oscillators are in the strong buying zone which will help the index to move higher."
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