View on Bank Nifty : The Bank Nifty index continued its strong up move throughout the week Says Kunal Shah, LKP Securities
View on Bank Nifty 12 August 2022 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
"The Bank Nifty index continued its strong up move throughout the week and surpassed the level of 39,000 on a closing basis. The index next resistance is placed at 39,500 where fresh call writing has been witnessed and if breached will see a further up move towards the 40000 level. The immediate support on the downside stands at 38,000 and one should keep a buy-on-dip approach."
Above views are of the author and not of the website kindly read disclaimer
Tag News
We anticipate immense potential benefits from the upcoming Sovereign Gold Bond Tranche in FY...
More News
Market Quote : This optimism was most prominent in banking stock Says Mr. Vinod Nair, Geojit...