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Published on 11/08/2022 4:15:53 PM | Source: LKP Securities Ltd

View on Nifty : The Nifty continued to remain above the consolidation on the daily Says Rupak De, LKP Securities

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View on Nifty 11 August 2022 By Rupak De, Senior Technical Analyst at LKP Securities

"The Nifty continued to remain above the consolidation on the daily chart, suggesting a continuation of the up trend in the market. On the higher end, however, Nifty had faced a bit of selling pressure that led to a close around the day's low. The current rally may extend towards 17750-17800, where crucial trendline resistance is placed. On the lower end, support is there at 17450-17500."

 

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