Quote on Nifty: The Nifty bulls took the index to a new life high on a robust global cue Says Rupak De, LKP Securities
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Below Quote on Nifty 01 December 2022 By Rupak De, Senior Technical Analyst at LKP Securities
The Nifty bulls took the index to a new life high on a robust global cue. However, the index closed 75 points off the day's high as the index found resistance at the higher levels. The RSI on the daily chart has given a falling trendline breakout. Over the short term, the trend is likely to remain positive. On the higher end, resistance is pegged at 18,900-19,000; whereas, supports are placed at 18,700/18,500."
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