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01-01-1970 12:00 AM | Source: LKP Securities Ltd
Quote on Nifty : The index may move up towards 18350-18400 Says Rupak De, LKP Securities
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Below View on Bank Nifty 15 February 2023 By Rupak De, Senior Technical Analyst at LKP Securities

Nifty has given a falling channel breakout on the daily timeframe, suggesting a bullish reversal of the price trend. The trend looks positive now for the near term, with the 14 DMA sitting below price. The momentum indicator RSI is in support of the price trend, with a current reading above 50. Over the near term, the index may move up towards 18350–18400. On the lower end, support is placed at 17950.

 

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