Quote On Nifty :Nifty has closed above 17700 for the day following a range-bound trading session Says Rupak De, LKP Securities
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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."
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