Quote on Nifty : A decisive breakout on either side may trigger a strong directional move Says Rupak De, LKP Securities
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Below View on Nifty 10 January 2023 By Rupak De, Senior Technical Analyst at LKP Securities
"Following a day of pause, the Nifty dropped sharply, falling below the previous session's low. A bearish engulfing pattern on the daily chart points towards a further correction. The index, however, has been hovering within the bands of 17,750 and 18,250. A decisive breakout on either side may trigger a strong directional move."
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