Quote on Nifty : The undertone of the nifty index and broader market is extremely bullish Says Kunal Shah, LKP Securities
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Below View on Nifty 04 July 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
The Nifty ended positive on the sixth consecutive day, the undertone of the nifty index and broader market is extremely bullish. One should maintain a buy on dips approach on nifty and avoid any short position until breaks 19200. The immediate support for the nifty index stands at 19300 where maximum open interest in put options data is seen and on the upper end nifty can face resistance at 19500 where maximum open interest in calls is seen ,if nifty breaks 19500 levels we can see some further upside move towards 19700.
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