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
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
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."
Above views are of the author and not of the website kindly read disclaimer
Tag News
We anticipate immense potential benefits from the upcoming Sovereign Gold Bond Tranche in FY...
More News
Market Quote : The weak guidance from Infosys cast a shadow over the outlook of the Indian I...
