Quote on Bank Nifty: The index to resume the uptrend once again will have to surpass the hurdle of 44,000 on a closing basis Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 15 December 2022 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
"The BANK NIFTY index witnessed the first big sell-off after a spectacular rally in the past 2 months. The index to resume the uptrend once again will have to surpass the hurdle of 44,000 on a closing basis. The index remains in a sell-on-rise mode and if the follow-up selling continues it can drag the index toward the 43,000-42,800 zone. The selling was seen across the board which has impacted the overall breadth of the markets."
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