Quote on Nifty : The RSI is showing a bullish crossover, suggesting further upward movement Says Rupak De, LKP Securities
Below View on Bank Nifty 18 July 2023 By Rupak De, Senior Technical Analyst at LKP Securities
The Nifty registered a new record high driven by the performance of the IT sector, large banks, and Reliance Industries. The daily chart shows a breakout from a consolidation phase, indicating positive change. The RSI is showing a bullish crossover, suggesting further upward movement. The immediate resistance for the index is expected around 19725-19750, while support is positioned at 19600 on the lower side.
Above views are of the author and not of the website kindly read disclaimer
Top News
Artificial intelligence is kinetic enabler for growth of Indian technology ecosystem: Rajeev...
Tag News
Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing w...
More News
Quote on Bank Nifty: The index is stuck in a broad range between 42,800-43,500 Says Kunal Sh...