Quote on Bank Nifty : The index next hurdle on the upside stands at the 41,500-41,600 Says Rupak De, LKP Securities
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Below View on Bank Nifty 21 March 2023 By Rupak De, Senior Technical Analyst at LKP Securities
The BANK NIFTY index ahead of the RBI policy continued its strong momentum and ended on a high note. The index next hurdle on the upside stands at the 41,500-41,600 zone which can act as a profit-booking zone for the short term. The index, however, surpassing those levels on a closing basis, can extend the rally towards 42,000/42,500 levels. The lower-end support is visible at the 40,600-40,500 zone, which will cushion the bulls.
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