View on Bank Nifty : The Bank Nifty index faces some profit booking at a higher level Says Kunal Shah, LKP Securities
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View on Bank Nifty 20 July 2022 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
"The Bank Nifty index faces some profit booking at a higher level but remains in an uptrend with a buy on dip approach. The immediate hurdle on the upside is at the 36,300-36,500 zone which coincides with its 200 DMA. The index might consolidate in the range of 35,500-36,500 with positive bias as long as the mentioned support is held on a closing basis."
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