Quote on Nifty: he trend may remain sideways as long as the index remains within the bands of 18600-18800 Says Rupak De, LKP Securities
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Below View on Nifty 06 November 2022 By Rupak De, Senior Technical Analyst at LKP Securities
"Investors mostly remained on the sidelines as they preferred waiting for the RBI monetary policy announcement. The Nifty found support around the previous low before closing a bit higher. The trend may remain sideways as long as the index remains within the bands of 18600-18800. Any decisive move on either side will induce a directional move."
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