Quote on Nifty : surpassing the significant resistance level of 45000 with notable trading volumes Says Kunal Shah, LKP Securities
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Below View on Nifty 17 July 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
The bulls made a strong comeback in the market and pushed the index higher, surpassing the significant resistance level of 45000 with notable trading volumes. This breakout indicates a shift in sentiment towards bullishness.The index is currently in a buy mode, suggesting a positive outlook for the banking sector. The strong support level is identified at 44700, which is expected to act as a key level for potential pullbacks or market dips.A break above the level of 45500 is anticipated to drive the index towards new high levels, indicating the potential for further upward momentum.
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