Quote on Bank Nifty : On the downside, key support is seen at 45,200, and if it manages to hold this support Says Kunal Shah, LKP Securities
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Below View on Bank Nifty 12 September 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
"After a remarkable upward movement over the past week, the market experienced selling pressure from higher levels. Call writers have significantly increased open interest at the 46,000CE strike, which is now acting as a strong resistance level. On the downside, key support is seen at 45,200, and if it manages to hold this support, we could witness some recovery towards 45,600 or 45,800 levels."
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