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Quote on Nifty : The bias remains negative as it falls back into the descending channel on the daily chart Says Rupak De, LKP Securities
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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.
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