04-12-2023 05:09 PM | Source: LKP Securities Ltd
Quote on Nifty : Nifty remained volatile during the day, with a predominately bullish bias Says Rupak De, LKP Securities
Below View on Bank Nifty 12 April 2023 By Rupak De, Senior Technical Analyst at LKP Securities
Nifty remained volatile during the day, with a predominately bullish bias. On the daily chart, the index has remained above the channel breakout, suggesting a positive reversal. The daily momentum indicator RSI is in bullish crossover and rising. The market will remain a buy on dips as long as the index remains above 17700. On the higher end, the rally may extend towards 17900/17970.
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