Quote on Nifty : The Nifty index failed to reach a new high and fell just 1 point short of its all-time high as selling pressure Says Rupak De, LKP Securities
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Below View on Nifty 21 June 2023 By Rupak De, Senior Technical Analyst at LKP Securities
The Nifty index failed to reach a new high and fell just 1 point short of its all-time high as selling pressure was observed at higher levels. The Relative Strength Index (RSI) displayed a bearish crossover, indicating a weakening bullish momentum. The current trend seems to be sideways to negative, as long as the index remains below 18900. On the downside, a support level is identified at 18700. If the index decisively falls below this level, it may trigger a significant correction in prices.
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