Quote on Bank Nifty: The index is stuck in a broad range between 42,800-43,500 Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 06 December 2022 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
The BANK NIFTY index mild profit booking a day before the key event of RBI policy. The index is stuck in a broad range between 42,800-43,500 and a break on either side post the event will witness some trending moves. The undertone remains bullish and if holding long positions the level of 42,800 should act as a strict stop loss. The index if breaks above 43,500 will witness a sharp short covering move on the upside towards 44,200-44,500 levels.
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