Quote on Bank Nifty : The Bank Nifty index witnessed a sharp recovery from the lowest levels Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 17 March 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
The BANK NIFTY index witnessed a sharp recovery from the lowest levels and the index formed a morning star pattern on the daily chart. The index if it manages to hold the support of 39,000 on the downside can witness a pullback rally towards 40,000. A sustained move above 40,000 will open up room for a big rally toward the 41,000 level.
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