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
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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."
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