View on Bank Nifty : The Bank Nifty index continued its upward momentum but failed to surpass the level of 38,000 Says Kunal Shah, LKP Securities
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View on Bank Nifty 02 August 2022 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
"The Bank Nifty index continued its upward momentum but failed to surpass the level of 38,000 on a closing basis. The index is already trading in oversold territory on the short-term time frame and a profit booking cannot be ruled out from the current levels. The volatility is likely to increase ahead of the RBI policy and one should keep a buy-on-dip approach with immediate support at 37,400 levels."
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