Quote on Bank Nifty : The Bank Nifty saw a recent attempt by bulls to defend the support around 43750 Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 21 August 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
"The Bank Nifty saw a recent attempt by bulls to defend the support around 43750, coinciding with the 100DMA. Maintaining this support suggests a bullish stance for the index.Immediate resistance lies at 44200. A breakthrough could pave the way for further gains towards 44500.The momentum indicator, RSI, trading in oversold territory, signals the potential for a bounce from current levels. This factor should not be disregarded."
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