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Quote on Nifty : Nifty pared early gains as the benchmark index failed to surpass resistance at 17800 Says Rupak De, LKP Securities
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Below View on Bank Nifty 6 March 2023 By Rupak De, Senior Technical Analyst at LKP Securities
Nifty pared early gains as the benchmark index failed to surpass resistance at 17800. On the daily chart, the Nifty closed within the falling channel following an intraday breakout from the said channel. On the daily chart, a shooting star kind of candlestick pattern has formed, suggesting a bearish reversal. A fall below 17650 may trigger a steep correction in the market. While a sustained trade above 17750 may induce buying in the market.
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