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View on Bank Nifty : The Bank Nifty index witnessed a sharp recovery from the lower level Says Kunal Shah, LKP Securities
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View on Bank Nifty 23 August 2022 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
"The Bank Nifty index witnessed a sharp recovery from the lower level and formed a strong bullish reversal candle. The index downside support stands at the 37,700-38,000 zone and as long as this support is held the index remains in a buy on dip mode. The immediate upside hurdle stands at 39000 where call writers are active and once surpassed will see further short covering."
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