Quote on Nifty : The Nifty continues to trade within the broader range of 19,300 and 19,500 Says Rupak De, LKP Securities
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Below Quote on Nifty 23 August 2023 By Rupak De, Senior Technical Analyst at LKP Securities
"The Nifty continues to trade within the broader range of 19,300 and 19,500. On the daily timeframe, the headline Nifty index has been fluctuating between the boundaries set by the 21-day Exponential Moving Average (EMA) at 19,471 and the 50-day EMA at 19,281. Looking ahead, the Nifty is likely to maintain this range bound movement as long as it remains within these established thresholds. A significant breakthrough above the 19,500 mark could potentially trigger a rally towards higher levels."
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