Quote on Bank Nifty : The Bank Nifty index has shown a resilient performance as the bulls managed to hold the support level of 45000 Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 06 July 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
The Bank Nifty index has shown a resilient performance as the bulls managed to hold the support level of 45000, which is considered a crucial make-or-break level for the index.The bears have been active around the 45500 level. However, if the index successfully surpasses this level on a closing basis, it is likely to witness further upward movement toward the 46000 level.Given the overall bullish undertone, it is advisable to adopt a buy-on-dip approach as long as the mentioned support level of 45000 is held.
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