Quote On Nifty : The sharp fall has led the index below the crucial short-term moving average Says Rupak De, LKP Securities
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Below View on Nifty 23 September 2022 By Rupak De, Senior Technical Analyst at LKP Securities
"Nifty has fallen sharply after an indecisive candle on the daily chart. The sharp fall has led the index below the crucial short-term moving average. The momentum oscillator on the daily timeframe is in a bearish crossover. The trend looks negative, which may take the Nifty towards 17000 over the short term. On the higher end, it has resistance at 17500."
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