Quote on Nifty : The view remains bearish as long as the index stays below the 18000 mark Says Rupak De, LKP Securities
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.
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