Quote on Nifty : The Nifty index demonstrated resilience as it predominantly remained strong Says Rupak De, LKP Securities
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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.
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