Quote on Nifty : The Nifty index demonstrated resilience as it predominantly remained strong Says Rupak De, LKP Securities
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Below View on Bank Nifty 04 August 2023 By Rupak De, Senior Technical Analyst at LKP Securities
The Nifty index demonstrated resilience as it predominantly remained strong, reclaiming its position above the 21-day Exponential Moving Average (21EMA) after a brief dip below this critical average. Going forward, the level of 19500 is expected to serve as immediate crucial support. The market's upward momentum is likely to persist as long as the Nifty maintains its position above this support level. On the upper end, potential resistance can be anticipated around the range of 19700 to 19750.
Above views are of the author and not of the website kindly read disclaimer
Tag News
Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing w...
