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Quote on Bank Nifty: The index confirms the continuation of the uptrend towards 44,000-44,600 levels Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 08 December 2022 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
"The bulls came back strong and knocked out the bears with full force surpassing the hurdle of 43,500 on a closing basis. The index confirms the continuation of the uptrend towards 44,000-44,600 levels on the upside. The lower-end support stands at 43,000 which will act as a cushion for the bulls. The index remains in a buy mode and any dips should be utilized to initiate fresh long positions."
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