Quote on Nifty : Throughout the day, Nifty traded within a narrow range Says Rupak De, LKP Securities

25/07/2023 5:21:50 PM | Source: LKP Securities Ltd

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.

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Quote on Nifty : Throughout the day, Nifty traded within a narrow range Says Rupak De, LKP Securities

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