30/09/2022 4:43:48 PM | Source: LKP Securities Ltd
Quote On Nifty : The daily RSI is seen to be entering the bullish crossover Says Rupak De, LKP Securities
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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