Quote On Nifty : Nifty ended in the red after a volatile trading session Says Rupak De, LKP Securities
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Below View on Nifty 28 September 2022 By Rupak De, Senior Technical Analyst at LKP Securities
Nifty ended in the red after a volatile trading session. The index closed below 200 DMA for the first time after several days. The momentum oscillator RSI is in a bearish crossover. On the daily chart, the index has made a low around the historical swing high. The trend is likely to remain weak as long as it remains below 17000. On the lower end, 16800-16830 will likely remain supported. On the higher end, resistance is visible at 17000.
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