Quote on Bank Nifty : The Bank Nifty index is persistently encountering resistance at the 44000 level Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 18 August 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
"The Bank Nifty index is persistently encountering resistance at the 44000 level, where the call side holds the highest open interest.The lower end of the support is noticeable around 43600, which aligns with the presence of the 100-day moving average (DMA). If this support level is breached, it could trigger additional selling pressure in the market. A break on either side will lead to trending moves."
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