Quote on Nifty : Throughout the day, Nifty traded within a narrow range Says Rupak De, LKP Securities
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Below View on Bank Nifty 24 July 2023 By Rupak De, Senior Technical Analyst at LKP Securities
Throughout the day, Nifty traded within a narrow range. However, the daily chart indicates a downward consolidation, with the price falling below the rising trend-line. The RSI shows a bearish crossover. Notably, the support level at 19550 is crucial, and if breached, the index could further decline towards 19300. Conversely, resistance is positioned at 19800 on the higher side.
Above views are of the author and not of the website kindly read disclaimer
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