Quote On Nifty : The trend looks weak a fall below 16980 may trigger a selling pressure in the market Says Rupak De, LKP Securities
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Below View on Nifty 11 October 2022 By Rupak De, Senior Technical Analyst at LKP Securities
"Nifty witnessed selling pressure in the second half of the session. On the daily chart, the index has slipped below the psychological 17000 mark. Besides, the Nifty fell below 200DMA briefly before closing a bit higher. The trend looks weak, a fall below 16980 may trigger a selling pressure in the market with a potential to fall towards 16800. On the higher end resistance is visible at 17100."
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