Quote on Nifty : The Nifty index displayed volatility but managed to close above the significant 21EMA moving average Says Rupak De, LKP Securities
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Below View on Bank Nifty 08 August 2023 By Rupak De, Senior Technical Analyst at LKP Securities
The Nifty index displayed volatility but managed to close above the significant 21EMA moving average and maintained support above 19500 points. A positive trend is anticipated as long as the index holds above 19500, with resistance at 19700 and potential for a rally towards 20000.
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