View on Bank Nifty : The Bank nifty index witnessed continuous selling pressure Says Kunal Shah, LKP Securities
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View on Bank Nifty 22 August 2022 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
"The Bank nifty index witnessed continuous selling pressure throughout the day with lower high and lower low formation. The immediate upside resistance is placed at 38500 and a break above this will see a rally toward the 38,800-39,000 zone. The downside support stands at 38,000 and if breached will see further selling pressure toward 37,700 levels."
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