Quote on Bank Nifty : This breakout was accompanied by a notable increase in trading volumes Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 07 September 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
"The Bank Nifty index has recently experienced a fresh breakout on the daily chart. This breakout was accompanied by a notable increase in trading volumes.TA robust support level has formed at 44500, which also coincides with the index's 20-day moving average (20DMA). This level is expected to provide significant support to the index.The index successfully closed above the previous day's high, establishing a bullish undertone for the near term.The Bank Nifty index has the potential to reach upside targets in the range of 45200 to 45500."
Above views are of the author and not of the website kindly read disclaimer
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