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Quote on Nifty : The Nifty found support at the lower band of the falling channel before moving higher Says Rupak De, LKP Securities
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Below View on Nifty 16 March 2023 By Rupak De, Senior Technical Analyst at LKP Securities
The Nifty found support at the lower band of the falling channel before moving higher. On the daily chart, a long-legged Doji pattern has formed, which suggests indecisiveness. Besides, the index has found support around previous congestion. Over the short term, the stock is likely to move towards 17250. On the lower end, closing basis support is visible at 16950.
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