Quote on Nifty : The RSI is showing a bullish crossover, suggesting further upward movement Says Rupak De, LKP Securities
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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.
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