Quote On Nifty : The momentum indicator remains with a bearish crossover, implying weakness Says Rupak De, LKP Securities
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
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."
Above views are of the author and not of the website kindly read disclaimer
Tag News
Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing w...
