Quote on Nifty : Nifty remained volatile during the day Says Rupak De, LKP Securities
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Below View on Bank Nifty 25 May 2023 By Rupak De, Senior Technical Analyst at LKP Securities
Nifty remained volatile during the day, but found support at the 18200 level before moving higher. The RSI is in bullish crossover on the lower timeframe, which suggests that the momentum is in favor of the bulls. On the higher end, resistance is seen at 18500. Support is seen at 18200. Overall, the outlook for the market is positive, but there is still some volatility to be expected. Traders should take profits on rallies and look for opportunities to buy on dips.
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