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Quote on Bank Nifty : A notable resistance level can be observed at 45800 Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 01 August 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
The Bank Nifty index is currently engaged in a persistent battle between the bulls and bears, resulting in a consolidation phase.
A notable resistance level can be observed at 45800, and a decisive break above this resistance would potentially pave the way for further upside movements in the index. Conversely, a significant support level is visible at 45300. If the index breaks below this support level, it could signify the bears gaining full control, leading to potential downside movements towards 45000-44700 levels.
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