02-02-2023 06:12 PM | Source: LKP Securities
Quote on Bank Nifty : The index immediate hurdle on the upside stands at 41000 Says Kunal Shah, LKP Securities
Below View on Bank Nifty 2 February 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
The Bank Nifty index witnessed extreme volatility throughout the day, but the index managed to hold the support level of 40.000 on the downside. The index immediate hurdle on the upside stands at 41000, and if breached decisively, we will witness a short covering towards 41500. The index remains in "buy on dip" mode as long as the mentioned support levels are held.
Above views are of the author and not of the website kindly read disclaimer
Latest News
Sharp movements ahead, trade cautiously
$100 billion worth chips needed for India`s $300 bil...
Eco-friendly cars` sales cross 100,000 in South Kore...
Large cap stocks impacted by FII selling
India`s Kansai Nerolac reports higher profit for fif...
Berkshire pares huge Apple stake as cash, operating ...
India holds talks for closer ties on critical minera...
Astro Zindagi: Weekly Horoscope
Paytm announces leadership change to double down on ...
IDBI Bank registers 44 per cent jump in net profit f...
Tag News
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
Nifty registers best week in 2 months after rising for 6 consecutive sessions
Market Quote : Benchmark Indices ended the week today just a few percentage away from record highs Says S Ranganathan, LKP securities