Quote On Nifty : The daily RSI is seen to be entering the bullish crossover Says Rupak De, LKP Securities
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Below View on Nifty 30 September 2022 By Rupak De, Senior Technical Analyst at LKP Securities
"Nifty snapped its losing streak as the index posted a gain after seven consecutive days of correction. On the lower end, it found support at 16800 and moved up. On the daily chart, the index has formed a bullish engulfing pattern. The daily RSI is seen to be entering the bullish crossover. Going forward, the trend may remain bullish with an upside potential of 17300/17500. On the lower end, 16950/16800 may continue to act as crucial support for the short term."
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