Quote on Nifty : Nifty`s recent slip below its consolidation indicates a bearish sentiment Says Rupak De, LKP Securities
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Below View on Nifty 02 August 2023 By Rupak De, Senior Technical Analyst at LKP Securities
Nifty's recent slip below its consolidation indicates a bearish sentiment. The index has also dropped below the 21EMA, reinforcing the bearish outlook. The RSI is signaling a bearish momentum for the future. On the downside, support is observed at 19500, a decisive fall below 19500 may create further negativity; while resistance is seen at 19600.
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