Quote on Bank Nifty: The index faces stiff resistance on the upside at the 43,500 level Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 07 December 2022 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
"The Bank Nifty index after the key RBI policy event did not witness any direction movement and ended on a flat note by forming a doji candle on the daily chart. The index faces stiff resistance on the upside at the 43,500 level where aggressive call writing has been observed. The immediate support on the downside is visible at 42,800 and if breached will lead to a further downside towards 42,500 levels."
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