Quote on Nifty : The Nifty index witnessed some buying momentum from the lower levels Says Rupak De, LKP Securities
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Below View on Bank Nifty 01 March 2023 By Rupak De, Senior Technical Analyst at LKP Securities
The Nifty index witnessed some buying momentum from the lower levels and managed to surpass the hurdle of 17,400 where a significant amount of call writing was visible. The index broader trend remains bearish but since we are in an oversold territory a minor pullback can be witnessed if the index sustains above 17,400. The index if it fails to surpass the level of 17,500 will again witness selling pressure.
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