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Quote on Nifty: Nifty remains below 18350 - 18500 Says Rupak De, LKP Securities
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Below View on Nifty 22 December 2022 By Rupak De, Senior Technical Analyst at LKP Securities
Indian equities have continued to remain weak as the Nifty slipped below the 50 EMA on the daily timeframe. On the lower end, the index has found support around 18070 before closing a bit higher. On the higher end, 18350 may act as critical support, and the market may remain sell-on-rise till Nifty remains below 18350–18500. On the lower end, a decisive fall below 18070 may trigger selling pressure in the market.
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