Quote on Bank Nifty: The Bank Nifty index experienced some buying momentum and held the support level of 42,000 Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 09 January 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
The Bank Nifty index experienced some buying momentum and held the support level of 42,000, where aggressive put writing was observed. The is stuck in a broad range between 42,000 and 43,000, and a break on either side will provide a clear direction. The index within the range remains in a buy-on-dip mode, indicating upside targets of 42,900/43,000.
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