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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.

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