Quote on Nifty : The Nifty index displayed volatility throughout the session due to the expiration of weekly options Says Rupak De, LKP Securities
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Below View on Nifty 17 August 2023 By Rupak De, Senior Technical Analyst at LKP Securities
"The Nifty index displayed volatility throughout the session due to the expiration of weekly options. The prevailing sentiment stays negative as the index continues to stay below the crucial moving average. Looking at the upper range, the sell-on-rise approach might be more effective as long as the level of 19525 remains unbroken. On the downside, levels around 19250 serve as immediate support in case of any decline."
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