Quote on Nifty : The Nifty index has broken out strongly from a falling wedge pattern 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
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below View on Nifty 18 January 2023 By Rupak De, Senior Technical Analyst at LKP Securities
"The Nifty index has broken out strongly from a falling wedge pattern, which is a bullish reversal pattern. The bulls regained control and surpassed the 18,100 barrier, demonstrating strong momentum. The index remains in a buy-on-dip mode with support at 17,900, where fresh put writing has been witnessed. The index's next immediate resistance stands at 18,200, and a breach will see sharp short-term movement toward 18,500-18,600 levels."
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...
More News
Morning Market Quote : The impressive credit growth is sustaining Says Dr. V K Vijayakumar, ...
