Quote on Bank Nifty : The benchmark Nifty continued to remain below the critical moving average Says Kunal Shah, LKP Securities
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Below View on Nifty 27 March 2023 By Rupak De, Senior Technical Analyst at LKP Securities
The Nifty remained mostly range bound as the market participants stayed low. The benchmark Nifty continued to remain below the critical moving average. The momentum oscillator is in bearish crossover, indicating bearish momentum. Going forward, the sentiment is likely to remain weak until it remains below 17250. Sell on rally will most likely remain popular among the traders. On the lower end, 16950–16900 may act as immediate support, below which the index may fall down to 16750 over the short term.
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