View on Bank Nifty : The Bank Nifty index formed a Doji candle Says Kunal Shah, LKP Securities
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View on Bank Nifty 16 August 2022 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
"The Bank Nifty index formed a Doji candle on the daily chart which indicates indecisiveness at the current level. The index after a stupendous rally is showing signs of exhaustion however a profit booking scenario will be confirmed only on a close below 38,700 level. The index if it surpasses the level of 39,500 on a closing basis will see extension of the rally towards 40,000-41,000 levels."
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