Quote on Nifty : Nifty showed limited movement as investors awaited the Federal Reserve`s rate decision Says Rupak De, LKP Securities
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Below View on Bank Nifty 26 July 2023 By Rupak De, Senior Technical Analyst at LKP Securities
Throughout the trading session, Nifty showed limited movement as investors awaited the Federal Reserve's rate decision. It found support at the 9EMA when on the lower end of the range. The daily chart indicated a downward consolidation breakout, suggesting potential downward momentum. The RSI confirmed this sentiment with a bearish crossover. Key support was identified at 19700, while resistance levels were observed at 19900/20000, providing crucial reference points for traders and investors.
Above views are of the author and not of the website kindly read disclaimer
Top News
Power Grid Corporation gains on emerging as successful bidder to establish Inter-State trans...
Tag News
Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing w...
More News
View On Nifty 25 April 2022 By Kunal Shah, LKP Securities
