Quote on Nifty : On the lower end, support is placed at 17950 Says Rupak De, LKP Securities
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Below View on Nifty 16 February 2023 By Rupak De, Senior Technical Analyst at LKP Securities
The Nifty remained mostly bearish following a positive start. The trend, however, remains positive, with the critical moving averages sitting above the price on the daily timeframe. The momentum oscillator, RSI, is in bullish crossover. The trend is likely to remain positive in the near term. Resistance on the higher end is visible at 18150/18300. On the lower end, support is placed at 17950.
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