Quote on Bank Nifty: The bears continued to attack the index at higher levels which led to aggressive selling pressure throughout the day Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 22 December 2022 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
The bears continued to attack the index at higher levels which led to aggressive selling pressure throughout the day. The index has breached the support of 42,500 and remains in a sell-on-rise mode as long as it stays below the level of 43,000 where the highest open interest is built up on the call side. The index next supports stands at 42000 and failure below this will drag it towards the 41,500-41,400 zone.
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