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Quote on Bank Nifty : The Bank Nifty Bulls came back strong and managed to hold the support of 43,500 Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 19 May 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
The Bank Nifty Bulls came back strong and managed to hold the support of 43,500. This indicates that the bulls are still in control and that the index is likely to continue its uptrend. The immediate resistance is at 44,000. If the index is able to break above this level, it could see a sharp move toward the 44,500 level. The momentum indicator RSI took support at the 60 levels. This bullish sign indicates that the momentum is still intact on the upside.
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