Quote on Nifty: Nifty slipped sharply as broad-based selling pressure was visible during the session Says Rupak De, LKP Securities
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Below View on Nifty 15 December 2022 By Rupak De, Senior Technical Analyst at LKP Securities
"Nifty slipped sharply as broad-based selling pressure was visible during the session. On the daily chart, a large red candle has formed after a small-bodied candle. The momentum indicator RSI (14) has confirmed bearish momentum with a negative crossover on the daily timeframe. The trend to remain negative as long as the index remains below 18,500. On the lower end, support is placed at 18,350/18,100."
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