View on Bank Nifty : The Bank Nifty index witnessed a sharp move on the upside despite the negative global sentiment Says Kunal Shah, LKP Securities
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View on Bank Nifty 30 August 2022 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
"The Bank Nifty index witnessed a sharp move on the upside despite the negative global sentiment. The index surpassed the immediate hurdle of 38,500 which will now act as strong support on the downside. The index on the upside indicates targets of 41,000-41,500 where the earlier major sell-off of the index was seen. The index remains in a buy-on-dip mode as long as it holds the support of 38,500 on the downside."
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