Quote on Bank Nifty : On the higher end, immediate resistance is placed at 40000 Says Rupak De, LKP Securities
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Below View on Bank Nifty 21 March 2023 By Rupak De, Senior Technical Analyst at LKP Securities
The Bank Nifty has given a consolidation breakout on the daily chart, suggesting a rise in optimism. The momentum oscillator has entered a bullish crossover. Over the short term, the trend in the banking space is likely to remain positive as long as it remains above 39500. On the higher end, immediate resistance is placed at 40000. A move above 40000 may induce a rally towards 41000.
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