Quote on Nifty : Decisive fall below 17580 may take the index towards 17500/17400 Says Rupak De, LKP Securities
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Below View on Bank Nifty 20 April 2023 By Rupak De, Senior Technical Analyst at LKP Securities
Nifty remained sideways during the day as the headline index failed to witness any kind of directional move. For the last two sessions, Nifty has been witnessing time correction rather than price correction. On the lower end, 17580 is placed as a crucial support; any decisive fall below 17580 may take the index towards 17500/17400. On the higher end, 17700 continues to remain a strong resistance, a decisive move above 17700 may reinstate the bullishness in the market.
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