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Quote on Bank Nifty : The index surpassed its 200 dma which acts as a change of polarity Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 31 March 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
The bulls came back strong and the index surpassed the hurdle of 40000 with buying action throughout the day. The breakout confirms the positive momentum and one should keep a buy approach with immediate support at 40200. The index closed above the past 10 days' high with a sharp surge in volumes which confirms the strength of the index. The index surpassed its 200 dma which acts as a change of polarity.
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