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Quote on Nifty : On the higher end, resistance is visible at 18,000/18,250 Says Rupak De, LKP Securities
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Below View on Nifty 11 January 2023 By Rupak De, Senior Technical Analyst at LKP Securities
Nifty remained range bound throughout the session. The market sentiment remains negative as the benchmark Nifty fell below the crucial short term moving average (50 EMA). The daily RSI is in bearish crossover on the daily timeframe, suggesting sluggish momentum. Over the short term, the trend is likely to remain sideways or negative. On the higher end, resistance is visible at 18,000/18,250. On the lower end, support is visible at 17,800.
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