Quote on Nifty : The index remained sideways throughout the day before closing with a Doji formation Says Rupak De, LKP Securities
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Below View on Nifty 28 August 2023 By Rupak De, Senior Technical Analyst at LKP Securities
"The index remained sideways throughout the day before closing with a Doji formation. Although the trend remains weak, the failure to fall below 19245 on a closing basis may lead to a short-term pullback in the market. The RSI has shown a bullish crossover. Support is positioned at 19245; a decisive breach below this level could attract significant selling pressure. On the higher end, resistance is observed at 19450."
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