Quote on Bank Nifty : The Bank Nifty index witnessed a strong comeback by the bulls Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 26 May 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
The Bank Nifty index witnessed a strong comeback by the bulls, overpowering the bears. There was consistent buying activity throughout the day, indicating bullish sentiment in the market. If the index manages to sustain above the level of 44000, it has the potential to experience further upside towards 45000. The momentum indicator RSI has also confirmed a positive crossover, reinforcing the buy signal. Traders and investors should closely monitor the index for sustained strength above 44000 and consider the potential for continued upward movement based on the bullish momentum and buying activity observed.
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