Quote on Nifty : During the observed period, the Nifty index exhibited high levels of volatility Says Rupak De, LKP Securities
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Below View on Nifty 06 June 2023 By Rupak De, Senior Technical Analyst at LKP Securities
During the observed period, the Nifty index exhibited high levels of volatility, but its movement was confined within a narrow range. On the daily chart, it formed a doji candle, indicating indecision in the market. As a result, the overall trend is expected to remain sideways, with the index not showing a clear direction in its movement. In terms of levels, there is a support level at 18,500, which suggests a potential floor for the index, while a resistance level is identified at 18,665, indicating a barrier to further upward movement.
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