Quote on Nifty : The NIFTY index took resistance at the 17760 to 17770 Says Kunal Shah, LKP Securities
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Below View on Nifty 18 April 2023 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
The NIFTY index took resistance at the 17760 to 17770 zone on the back of profit booking in Reliance after a positive opening. The 2nd half provided support in IT and PHARMA came to the rescue. Nifty took support at 17610 and closed above the previous day's low, which is positive for tomorrow. The broader trend still remains positive and one should keep a buy-on-dip approach as long as the index sustains above the 17600 level
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