Quote On Nifty : The momentum indicator remains with a bearish crossover, implying weakness Says Rupak De, LKP Securities
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Below View on Nifty 26 December 2022 By Rupak De, Senior Technical Analyst at LKP Securities
"Nifty remained volatile throughout the session before closing below the crucial resistance level of 18,070. Besides, the index failed to reclaim the 50 EMA on the daily timeframe. The momentum indicator remains with a bearish crossover, implying weakness. The trend is likely to remain weak over the near term. The supports are pegged at 17,950/17,800, whereas on the higher end, resistance is placed at 18,100."
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