Quote on Nifty : The Nifty has shown weakness recently, as it has experienced a decline for two consecutive days.Says Rupak De, LKP Securities
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Below View on Nifty 23 June 2023 By Rupak De, Senior Technical Analyst at LKP Securitie
The Nifty has shown weakness recently, as it has experienced a decline for two consecutive days. On a smaller time frame, the index slipped further. Additionally, the Relative Strength Index (RSI) indicates negative divergence, indicating a weakening bullish momentum. Looking at the support levels, there is visible support at 18500, and if the index breaks below this level, it could potentially drop towards 18200. On the other hand, there is resistance at 18800 on the higher end of the index.
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