Quote on Nifty: The Nifty bulls took the index to a new life high on a robust global cue Says Rupak De, LKP Securities
Below Quote on Nifty 01 December 2022 By Rupak De, Senior Technical Analyst at LKP Securities
The Nifty bulls took the index to a new life high on a robust global cue. However, the index closed 75 points off the day's high as the index found resistance at the higher levels. The RSI on the daily chart has given a falling trendline breakout. Over the short term, the trend is likely to remain positive. On the higher end, resistance is pegged at 18,900-19,000; whereas, supports are placed at 18,700/18,500."
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