Quote on Nifty : Nifty may target levels of 19750 or even 20000 Says Rupak De, LKP Securities
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Below Quote on Nifty 06 September 2023 By Rupak De, Senior Technical Analyst at LKP Securities
"Nifty exhibited volatility but achieved a significant milestone by closing above 19600 for the first time in a while. The bullish crossover of the 21EMA and 55EMA has persisted, signaling an ongoing bullish trend. Additionally, a bullish crossover in the RSI highlights the index's strength. In the short term, Nifty may target levels of 19750 or even 20000. On the downside, key support rests at 19440, and the market is expected to maintain a buy-on-dips strategy as long as this support level holds."
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