Quote on Nifty : Despite this, the bulls managed to defend the support level of 19300 Says Rupak De, LKP Securities
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Below View on Bank Nifty 10 July 2023 By Rupak De, Senior Technical Analyst at LKP Securities
On the given day, the Nifty, experienced a range-bound trading pattern. Despite this, the bulls managed to defend the support level of 19300, preventing a significant decline. However, the hourly RSI indicated a bearish crossover. This suggests a potential shift towards a downward trend. If the support level of 19300 is breached, a correction in the market may be expected. On the upside, resistance levels are anticipated around 19450-19500.
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