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View on Bank Nifty : The index once surpasses the mentioned hurdle will see a strong move Says Kunal Shah, LKP Securities
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View on Bank Nifty 05 September 2022 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
"The Bank Nifty bulls continued their upper hand and closed near the immediate hurdle of 39,800. The index is trading in a strong uptrend with higher top and had higher bottom formations intact on all the time frames. The index once surpasses the mentioned hurdle will see a strong move on the upside toward the 41,000-41,500 zone. The lower-end support stands at the 38,800-38,500 zone where fresh put writing has been observed."
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