Quote on Nifty : upport is expected at 19300, while resistance is seen at 19600 Says Rupak De, LKP Securities

13/07/2023 6:01:25 PM | Source: LKP Securities Ltd

Quote on Nifty : upport is expected at 19300, while resistance is seen at 19600 Says Rupak De, LKP Securities

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Below View on Bank Nifty 13 July 2023 By Rupak De, Senior Technical Analyst at LKP Securities

The Nifty reached a new record high of 19567 but couldn't hold on due to selling pressure, resulting in a significant decline by the end of the day. It exhibited high volatility throughout. The daily Relative Strength Index (RSI) indicated a bearish crossover. Currently, the trend appears to be sideways in the short term. Support is expected at 19300, while resistance is seen at 19600.

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Quote on Nifty : upport is expected at 19300, while resistance is seen at 19600 Says Rupak De, LKP Securities

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