Quote On Nifty : The index failed to capitalize on the early gain as it faced tough resistance Says Rupak De, LKP Securities
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Below View on Nifty 29 September 2022 By Rupak De, Senior Technical Analyst at LKP Securities
"Nifty remained highly volatile before ending the session on a negative note. The index failed to capitalize on the early gain as it faced tough resistance at the 17000 levels leading to closing around 16800. Going ahead, 16800 is likely to act as crucial support any drift below 16800 on a sustained basis may attract selling pressure in the market. On the lower end, support is visible at 16640. On the higher end, 17050 is likely to remain a strong resistance."
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