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Below View on Bank Nifty 08 June 2023 By Rupak De, Senior Technical Analyst at LKP Securities

The Nifty index experienced periods of selling pressure throughout the day. Despite this, the Put writers were successful in preventing the index from falling below the 18600 level. If the Nifty manages to stay above this level, the trend is likely to remain sideways to positive. However, there is resistance observed at the 18800-18900 levels on the higher end.The Nifty index experienced periods of selling pressure throughout the day. Despite this, the Put writers were successful in preventing the index from falling below the 18600 level. If the Nifty manages to stay above this level, the trend is likely to remain sideways to positive. However, there is resistance observed at the 18800-18900 levels on the higher end.

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