Quote on Nifty: The Nifty made a new all-time high during the day Says Rupak De, LKP Securities
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Below Quote on Nifty 29 November 2022 By Rupak De, Senior Technical Analyst at LKP Securities
"The Nifty made a new all-time high during the day; however, the overall bias for the day remained sideways. The momentum oscillator RSI is in a positive crossover. The crucial short-term moving averages are sitting below the index value, confirming the positive trend. The trend is likely to remain bullish as long as it remains above 18,500, where significant Put writing has been seen. On the higher end, resistance is visible at 18,800."
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