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Quote on Bank Nifty : Banking benchmark Index dropping below the 45,000 mark for the first time in several days Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 21 September 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
"Bank Nifty experienced a significant correction during the day, with the Banking benchmark Index dropping below the 45,000 mark for the first time in several days. Furthermore, it fell below both the 20EMA and 50EMA on the daily timeframe. The RSI is signaling bearishness with a bearish crossover on the daily timeframe. In the short term, it could potentially move towards 44,000 on the lower end, while encountering resistance at 45,000 on the higher end."
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