Quote on Nifty : On the higher end, 17800 is likely to remain resistance for the Nifty 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
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below View on Bank Nifty 17 April 2023 By Rupak De, Senior Technical Analyst at LKP Securities
Nifty remained under the bears' grip as the benchmark slipped following a hanging man pattern formation in the previous session. Besides, the recent rally found resistance around the 50% retracement level of the previous fall before closing with a bearish engulfing pattern. Over the near term, the trend is likely to remain sideways, as after a rally of 900 points, buyers at 17000 would want to take some profits. On the lower end, support lies at 17550, below which the index may fall towards 17400. On the higher end, 17800 is likely to remain resistance for the Nifty.
Above views are of the author and not of the website kindly read disclaimer
Tag News
Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing w...
More News
Reliance single handedly pushes Nifty beyond 17500 By Mr. Sameet Chavan, Angel One Ltd
