08-03-2022 04:37 PM | Source: LKP Securities Ltd
View on Bank Nifty : The Bank Nifty index ahead of the RBI policy witnessed sideways action and ended on a flat note Says Kunal Shah, LKP Securities
View on Bank Nifty 03 August 2022 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
"The Bank Nifty index ahead of the RBI policy witnessed sideways action and ended on a flat note. The index needs to close above 38,200 for a continuation of the uptrend towards the level of the 38,500-38,700 zone. The index downside support stands at 37500 and if breached will witness further selling pressure towards the 37,000 zone. The index will give a clear direction once a policy is announced."
Above views are of the author and not of the website kindly read disclaimer
Latest News
India ranks 3rd in fintech funding globally in Jan-J...
Mergers & acquisitions in Indian FMCG sector reach $...
Satin Creditcare Network inches up on raising Rs 50 ...
FSN E-Commerce Ventures rises as its arm incorporate...
Macrotech Developers gains on reporting 20% growth i...
Ircon International shines as its JV gets LOA worth ...
Nazara Technologies inches up on incorporating Wholl...
Sell Cottoncandy Jul @ 58600 SL 59000 TGT 58200-5780...
Solar Industries gains as its arm acquires majority ...
Rail Vikas Nigam trades jubilantly on inking MoU wit...
Tag News
We anticipate immense potential benefits from the upcoming Sovereign Gold Bond Tranche in FY...
Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing week Says Mr. Ajit Mishra, Religare Broking
Weekly market outlook : The market is eagerly awaiting data on inflation and industrial production to provide further guidance Says Vinod Nair, Geojit Financial Services
Monthly Debt Market Update, September 2023: CareEdge Ratings