View on Bank Nifty : The index immediate upside resistance stands at 38,000 and support at 37,000 level Says Kunal Shah, LKP Securities
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View on Bank Nifty 01 August 2022 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
"The Bank Nifty continued its uptrend with higher tp and higher low formations on the daily chart. The index RSI has now entered overbought territory and some profit booking scenarios cannot be ruled out from the current levels. The index immediate upside resistance stands at 38,000 and support at 37,000 level and might consolidate ahead of the RBI policy."
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