Quote On Nifty : The index has placed itself above 200DMA Says Rupak De, LKP Securities
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Below View on Nifty 05 October 2022 By Rupak De, Senior Technical Analyst at LKP Securities
"Nifty has moved higher after consolidation on the daily chart suggesting a rise in optimism among the market participants. The index has placed itself above 200DMA, which is a bullish setup. The momentum indicator has entered a bullish crossover. The short-term trend looks positive. A decisive move above 17300 may induce a strong rally in the market. On the lower end, support is placed at 17090; resistance on the higher end is visible at 17600/17725."
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