Quote on Bank Nifty : The Bank Nifty index witnessed a strong bullish momentum as the bulls took full control Says Kunal Shah, LKP Securities
Below View on Bank Nifty 08 September 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
The Bank Nifty index witnessed a strong bullish momentum as the bulls took full control. Following the breakthrough of the resistance level at 44,650, there was a sharp rally of 600 points. The next significant hurdle on the upside is situated at 45,500, where the highest open interest is concentrated. The index maintains a "buy on dip" mode, with robust support seen at the 44,800 levels, underlining the bullish sentiment in the market.
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