Quote on Bank Nifty : The Bank Nifty index displays a robust bullish sentiment at the lower end of the range Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 28 August 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
"The Bank Nifty index displays a robust bullish sentiment at the lower end of the range, with sustained buying interest. As long as the index maintains its hold above the key level of 44000, which coincides with significant put open interest, the prevailing stance remains on the buy side.An immediate challenge for further upside movement is positioned at 44500. A successful breach of this level could trigger short covering and drive the index towards 45000. This level is significant due to the highest open interest build up on the call side."
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