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Quote on Nifty : The Nifty index showed a positive trend with a green candle on the daily chart Says Rupak De, LKP Securities
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Below View on Bank Nifty 31 July 2023 By Rupak De, Senior Technical Analyst at LKP Securities
The Nifty index showed a positive trend with a green candle on the daily chart, indicating a potential comeback by the bulls. The short-term trend remains positive as Nifty found support at the 21EMA in the previous session. However, the RSI is currently in a bearish crossover, suggesting a potential downside. The lower end support is at 19700, while resistance is at 19800. A decisive move above 19800 might induce a rally towards the 20000 mark.
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