Quote on Nifty : The momentum oscillator RSI has entered a bullish crossover Says Rupak De, LKP Securities
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Below View on Nifty 31 March 2023 By Rupak De, Senior Technical Analyst at LKP Securities
Bulls remained at the helm as the benchmark Nifty closed well above the crucial resistance level of 17250. On the daily chart, the index has moved above the recent consolidation, suggesting a rise in optimism. The momentum oscillator RSI has entered a bullish crossover. The trend is likely to remain strong as long as it remains above 17200. On the higher end, the next important level is 17500–17600, where bears will be waiting.
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