Quote On Nifty :Nifty has closed above 17700 for the day following a range-bound trading session 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
Below View on Nifty 21 September 2022 By Rupak De, Senior Technical Analyst at LKP Securities
"Nifty has closed above 17700 for the day following a range-bound trading session. On the daily chart, the index has fallen below the falling trend line suggesting a waning bullishness. The daily RSI is in a bearish crossover on the daily chart indicating a falling momentum. The trend for the near term may remain sideways to positive as long as the index closes above 17700. However, a decisive fall below 17700 may trigger a correction in the market. On the lower end, below 17700, Nifty may fall down towards 17500/17350. On the higher end, resistance is visible at 17850-17900."
Above views are of the author and not of the website kindly read disclaimer
Tag News
We anticipate immense potential benefits from the upcoming Sovereign Gold Bond Tranche in FY...
More News
Daily Market Commentary : Weakness in global markets dragged domestic indices down Says Mr. ...
