Quote on Nifty : The support on the lower end is at the 17,600 level Says Rupak De, LKP Securities
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Below View on Bank Nifty 7 February 2023 By Rupak De, Senior Technical Analyst at LKP Securities
The Nifty index faces stiff resistance around the 17,800-17,850 zone where aggressive call writing is visible. The index needs to surpass this level on a closing basis to witness a short covering move toward the 18,200 level. The support on the lower end is at the 17,600 level and if breached will lead to a further correction towards 17,450-17,400 levels.
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