Quote On Nifty : It is expected to move towards 18600-18650 Says Rupak De, LKP Securities
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Below View on Nifty 16 November 2022 By Rupak De, Senior Technical Analyst at LKP Securities
"The Nifty has been consolidating for the last few days after a swing high breakout on the daily timeframe. However, no classic reversal pattern has formed. The short term, moving average is sitting well below the current index value, suggesting an ongoing uptrend. The trend looks positive till it holds above 18250. On the higher end, immediate resistance is visible at 18440-18450; above 18450 the Nifty is expected to move towards 18600-18650."
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