Quote on Nifty : The next strong resistance level for the Nifty is expected to be in the range of 18,400 to 18,500 Says Rupak De, LKP Securities
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Below View on Bank Nifty 10 May 2023 By Rupak De, Senior Technical Analyst at LKP Securities
The Nifty experienced a period of volatility, trading between a range of 18,211 and 11,326 before closing in positive territory. The next strong resistance level for the Nifty is expected to be in the range of 18,400 to 18,500. However, the overall trend remains positive, indicating that there is an overall upward bias in the market. Therefore, despite potential resistance levels, the market is still expected to move in an upward direction as long as it sustains above 18200.
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