Quote on Bank Nifty : The immediate resistance on the upside is situated at 45800 Says Kunal Shah, LKP Securities
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/07/6b8054a202a72a7e5d19d9fd6d7273b8.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below View on Bank Nifty 19 July 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
The Bank Nifty index experienced buying interest from lower levels, indicating that bulls are active in the market. The index has managed to hold the support zone between 45300 and 45200, which is a positive sign for the buyers.The immediate resistance on the upside is situated at 45800. If the index manages to sustain above this level, it is likely to open up further upside potential towards 46000 and 46300 levels.The overall undertone of the Bank Nifty index remains bullish, suggesting that the prevailing trend is in favor of the bulls. Given this bullish sentiment, it is recommended to adopt a "buy on dip" approach. This means investors should consider buying when there is a temporary decline or pullback in the index's price, as the overall trend is expected to remain positive.
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/agri23.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/B.S. Yediyurappa07.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/job23.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Dhruv Chopra.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Sachidanand Upadhyay, Managing Director, Lord’s Mark Industries Limited.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/unionNirmala23.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Agriculture.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/yadav23.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Bhajanlal Sharma.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/cc796169e4f7c012914c95f4a8efe430.jpg)
Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing w...
![Weekly market outlook : The market is eagerly awaiting data on inflation and industrial production to provide further guidance Says Vinod Nair, Geojit Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/5f1fa5f12be5ac87ff9258ea3909f0f8.jpg)
![Nifty registers best week in 2 months after rising for 6 consecutive sessions](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/95f11bf3e1fc515ff0aed747520314dc.jpg)
![Market Quote : Benchmark Indices ended the week today just a few percentage away from record highs Says S Ranganathan, LKP securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/f33c3d1dad571464e55a94475ae32892.jpg)
More News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/09/62b0d2b58b4756019f57138380a59b8c.jpg)
Quote on US Fed meeting expectation By Sunil Damania, MarketsMojo
![Quote on Fitch downgrades US credit rating to AA+ & impact on Indian Markets from Dr. V K Vijayakumar, Geojit Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/08/cf815a1dc0aeb904c135f29f2649d61b.jpg)
![Daily Market Commentary 13 October 2022 By Mr. Siddhartha Khemka, Motilal Oswal](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/10/d5720c30b2f0c48ba46739f4d00ef8bf.jpg)
![Quote on Weekly Market Round-off by Shrikant Chouhan, Head Equity Research, Kotak Securities](https://portfolio.investmentguruindia.com/uploads/news/Shrikant Chouhan.jpg)