Quote on Nifty : The bias remains negative as it falls back into the descending channel on the daily chart Says Rupak De, LKP Securities
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/02/b83d7921a044344654d19128a960e6f8.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below View on Bank Nifty 21 February 2023 By Rupak De, Senior Technical Analyst at LKP Securities
Nifty ended flat following a volatile trading session. The bias remains negative as it falls back into the descending channel on the daily chart. Besides, the momentum oscillator RSI has entered a bearish crossover. On the lower end, immediate support is visible at 17750, below which the selling pressure may increase.
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/Ashish Khandelia - Founder at Certus Capital & Earnnest.me.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/soyabean.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Gold 1.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Broker_2.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Ravi Kaushik, Flourish venture.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Shrikant Chouhan.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/202407243192420.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Nikunj Agarwal.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/startup.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/cc796169e4f7c012914c95f4a8efe430.jpg)
Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing w...
![Weekly market outlook : The market is eagerly awaiting data on inflation and industrial production to provide further guidance Says Vinod Nair, Geojit Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/5f1fa5f12be5ac87ff9258ea3909f0f8.jpg)
![Nifty registers best week in 2 months after rising for 6 consecutive sessions](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/95f11bf3e1fc515ff0aed747520314dc.jpg)
![Market Quote : Benchmark Indices ended the week today just a few percentage away from record highs Says S Ranganathan, LKP securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/f33c3d1dad571464e55a94475ae32892.jpg)
More News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/07/d15c9e753c3ad2bfd1701c34917b8326.jpg)
View on Nifty : The benchmark Nifty remained above 50 EMA throughout the session By Rupak De...
![](https://portfolio.investmentguruindia.com/uploads/news/kotak securities.jpg)
![Quote on Nifty : A substantial resistance is evident at the 45000 mark Says Rupak De, LKP Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/08/18550f7bdb089682fe94db410a987a39.jpg)
![Stupendous v-shaped recovery in 3 sessions, markets back to uncharted terrain By Ruchit Jain, Angel Broking](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/02/2ded0c8291763ae5b6a6688f68c4a94f.jpg)