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08-01-2023 05:37 PM | Source: LKP Securities Ltd
Quote on Nifty : Nifty traded in a narrow range of 19700-19800 Says Rupak De, LKP Securities
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Below View on Bank Nifty 01 August 2023 By Rupak De, Senior Technical Analyst at LKP Securities

Nifty traded in a narrow range of 19700-19800, maintaining its overall bullish sentiment. It stayed above the critical near-term moving average (21EMA), reinforcing the positive outlook. A hidden positive divergence on the daily chart indicates a potential bullish reversal in price momentum. Short-term prospects suggest a sideways to positive trend if the index stays above 18550. A decisive move above 19800 could drive the index towards the 20000 mark.

 

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