Quote on Bank Nifty : The momentum oscillator, RSI is in a bearish crossover Says Rupak De, LKP Securities
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Below View on Bank Nifty 10 March 2023 By Rupak De, Senior Technical Analyst at LKP Securities
"Nifty has fallen below the previous swing low on the daily chart. Besides, the index has closed below 200DMA, suggesting a rise in long-term bearishness. The momentum oscillator, RSI is in a bearish crossover. On the lower end, support is visible at 16950. On the higher end, resistance is placed at 17500."
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