Quote on Nifty : The view remains bearish as long as the index stays below the 18000 mark Says Rupak De, LKP Securities
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Below View on Bank Nifty 22 February 2023 By Rupak De, Senior Technical Analyst at LKP Securities
NIFTY 50 index is trading in a downtrend with lower high and lower low formation intact on the daily and weekly chart. The momentum indicator RSI is on the verge of a breakdown and is likely to enter the weak zone. The view remains bearish as long as the index stays below the 18000 mark and can slide towards 17400/ 17200 levels.
Above views are of the author and not of the website kindly read disclaimer
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