Quote on Bank Nifty : Looking ahead, the index`s next significant support is positioned at 43700 Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 11 August 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
The Bank Nifty index is currently dominated by bears, as evidenced by the breach of the crucial support level at 44400 on a closing basis.The prevailing sentiment seems to lean towards selling on rallies, with an immediate resistance level observed around 44500.Looking ahead, the index's next significant support is positioned at 43700, which might serve as a buying zone for the bulls, potentially triggering a bounce back.
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