Quote on Nifty : Nifty traded in a narrow range of 19700-19800 Says Rupak De, LKP Securities

1/08/2023 5:37:05 PM | Source: LKP Securities Ltd

Quote on Nifty : Nifty traded in a narrow range of 19700-19800 Says Rupak De, LKP Securities

News By Tags | #2730 #607 #2951 #879 #1014 #7616 #59

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.

Above views are of the author and not of the website kindly read disclaimer

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here

IGI Logo

Quote on Nifty : Nifty traded in a narrow range of 19700-19800 Says Rupak De, LKP Securities

Top News

Tag News

More News