View on Bank Nifty : The Bank Nifty index continued to face resistance around the level of 40,000 Says Kunal Shah, LKP Securities
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View on Bank Nifty 06 September 2022 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
"The Bank Nifty index continued to face resistance around the level of 40,000 where the highest open interest is built up on the call side. The index immediate downside support stands at 39,500-39,400 and if breached will see further downside towards 38,800-38,500 levels. The bias remains on the upside and once should have a buy-on-dip approach."
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