View on Bank Nifty : The Bank Nifty index witnessed high volatility a day Says Kunal Shah, LKP Securities
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View on Bank Nifty 04 August 2022 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
"The Bank Nifty index witnessed high volatility a day before the RBI Policy with movements on both sides. The bulls and the bears are trying to fight from both ends with support at 37,200 and resistance at 38,200 levels. The index needs to break on either side on a closing basis for a trending move on either side. The index is already trading in an overbought zone and a correction cannot be ruled out from the current level."
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