Quote on Bank Nifty : The range of movement seems to be established between 44000 and 45000 Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 24 August 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
"The Bank Nifty index recently encountered selling pressure from elevated levels and is now displaying indications of range-bound trading. The range of movement seems to be established between 44000 and 45000, a zone where substantial put and call writing activities are evident. In the current scenario, the index's immediate support lies at 44200. If this support level is effectively maintained, the index could potentially experience a recovery, driving it towards levels of 44800 and 45000."
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