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Quote on Bank Nifty : The immediate resistance for the index is placed at 45200 Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 10 July 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
The Bank Nifty index has been primarily influenced by bearish sentiment as selling pressure persists from higher levels. The dominance of bears indicates a cautious market environment.The immediate resistance for the index is placed at 45200. If the index manages to break above this level, it could potentially shift the control back to the bulls.On the other hand, the index finds immediate support at 44800. If this support level is breached, it may lead to further downside movement towards the 44500-44400 zone. In such a market scenario, it is advisable for traders to utilize opportunities presented by both sides of the market.
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