View on Bank Nifty : The Bank Nifty index continued to face stiff selling pressure Says Kunal Shah, LKP Securities
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View on Bank Nifty 26 August 2022 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
"The Bank Nifty index continued to face stiff selling pressure around 39,500 levels where fresh call writing has been witnessed. The index ahead of the global economic events is stuck in a broad range between 38,500-39,500 levels and a break on either side will give trending moves. The traders should trade with strict risk management as September has been the series where the index has seen more than 5% move."
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