Quote on Nifty : The Nifty experienced volatility throughout the day as bulls and bears competed for control in the market Says Rupak De, LKP Securities
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Below View on Nifty 20 June 2023 By Rupak De, Senior Technical Analyst at LKP Securities
The Nifty experienced volatility throughout the day as bulls and bears competed for control in the market. However, the overall trend appears positive as the Nifty closed above the 18800 level. The momentum indicator, Relative Strength Index (RSI), indicates a bullish crossover, suggesting increasing buying pressure. Looking ahead, resistance levels are expected around 18850-18900 on the higher end, indicating potential price barriers. On the lower end, support is placed at 18700, indicating a level where the stock may find buying interest.
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