Quote on Bank Nifty : The bears continue to dominate the market, as the index broke below the support level of 44800 Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 12 July 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
The bears continue to dominate the market, as the index broke below the support level of 44800. This suggests a bearish sentiment in the index.The next support level on the downside is located at 44500 levels. If the index dips towards this level, it may present an opportunity for traders to initiate long positions, expecting a potential bounce from this support.On the upside, the immediate hurdle is at 45000, where the highest open interest is observed on the call side. This level may act as resistance for the index.
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