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View on Bank Nifty : The undertone remains bullish and once should keep a buy Says Kunal Shah, LKP Securities
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View on Bank Nifty 12 September 2022 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
"The Bank Nifty Index formed a doji candle on the daily chart, indicating indecisiveness at the current levels. The undertone remains bullish and once should keep a buy-on-dip approach with strong support at the 40,000-39,800 zone. The immediate hurdle on the upside is placed at 40,700 and once taken out will witness a swift move towards 41,500-41,800 levels."
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