Quote on Nifty : The Nifty reached another all-time high after two days of consolidation Say`s Rupak De, at LKP Securities
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Below Quote on Nifty 06rd July 2023 from Rupak De, Senior Technical analyst at LKP Securities
The Nifty reached another all-time high after two days of consolidation, indicating a breakout in the upward direction. The overall trend appears positive as the index comfortably sits above a key short-term moving average (50DMA). The immediate resistance is visible at 19500; a decisive breakout above 19500 may take the index towards 19725. Support on the lower end is pegged at 19350-19300.
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