Quote on Nifty : A substantial resistance is evident at the 45000 mark Says Rupak De, LKP Securities

10/08/2023 4:55:30 PM | Source: LKP Securities Ltd

Quote on Nifty : A substantial resistance is evident at the 45000 mark Says Rupak De, LKP Securities

News By Tags | #2730 #607 #2951 #879 #1014 #7616 #59

Below View on Nifty 10 August 2023 By Rupak De, Senior Technical Analyst at LKP Securities

After the RBI policy, the Bank Nifty index encountered significant selling pressure, leading to a challenging situation.A substantial resistance is evident at the 45000 mark. Breaking through this resistance level could be demanding due to the prevailing selling pressure.Support can be identified around the 44400 level. A drop below this support could further empower the bears and potentially lead to additional downward movement.To regain control, bullish momentum would need to overcome the hurdle at 45150. Surpassing this level could provide the bulls with an upper hand and potentially steer the index towards a more positive trajectory.

Above views are of the author and not of the website kindly read disclaimer

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here

IGI Logo

Quote on Nifty : A substantial resistance is evident at the 45000 mark Says Rupak De, LKP Securities

Top News

Tag News

More News