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Quote on Bank Nifty : Index witnessed buying from the lower level Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 15 February 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
The BANK NIFTY index witnessed buying from the lower level and the bulls managed to hold the support of 41,400. The index on the upside immediately faces a hurdle at 42,000 where the highest open interest is built up on the call side. The index remains in a buy-on-dip mode and once surpasses the level of 42,000 will witness a sharp short covering towards the 43,000-43,500 levels.
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