View on Bank Nifty : The Bank Nifty index continued its strong up move throughout the week Says Kunal Shah, LKP Securities
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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."
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