View on Bank Nifty : The index momentum oscillators are in the strong buy zone which confirms the internal strength Says Kunal Shah, LKP Securities
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View on Bank Nifty 08 September 2022 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
"The Bank Nifty index surpassed the crucial hurdle of 40,000 on a closing basis which clears the room for further upside on the index. The index momentum oscillators are in the strong buy zone which confirms the internal strength. The index is likely to test the level of 41,000-41,500 on the upside and the lower end support remains at the 39,000 level."
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