Quote on Nifty : The Nifty continues to trade within the broader range of 19,300 and 19,500 Says Rupak De, LKP Securities

23/08/2023 5:16:06 PM | Source: LKP Securities

Quote on Nifty : The Nifty continues to trade within the broader range of 19,300 and 19,500 Says Rupak De, LKP Securities

News By Tags | #2730 #607 #2951 #879 #1014 #7616 #59

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."

Above views are of the author and not of the website kindly read disclaimer

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here

IGI Logo

Quote on Nifty : The Nifty continues to trade within the broader range of 19,300 and 19,500 Says Rupak De, LKP Securities

Top News

Tag News

More News