Quote on Bank Nifty : The bulls regained control and displayed strength in the Bank Nifty index Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 16 June 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
The bulls regained control and displayed strength in the Bank Nifty index. The index managed to hold the support level at 43400, which suggests that buying pressure emerged at that level. Immediate Upside Resistance at 44000: The index faces immediate resistance at 44000. A successful break above this level could open up room for further upside moves. Potential Upside Targets for the index, if it breaks above the resistance at 44000, can move towards the 43300/43500 levels.
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