View On Nifty 18 May 2022 By Rupak De, LKP Securities
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/05/b2356f97da5394fa0b8c06d754a24809.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below are View On 18 May Nifty By Rupak De, Senior Technical Analyst at LKP Securities
"Nifty found resistance at the crucial resistance at 16400 and slipped below before closing with a marginal loss. On the daily chart, the index remained well below the short-term moving average. The daily RSI is in the bullish crossover. The trend is likely to remain sideward over the near term. The resistance on the higher end is placed at 16400. On the lower end, support is visible at 16000"
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/Bharat Electronics Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Dollar Rupee 100.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Vedanta 23.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/AviationAircraft.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/HDFC Securities.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Economy 12345.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Ricecommodity.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Electronic industry.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Stock bull.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/HyundaiEV.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/aecd4f4a5e886b873aa68500d027acd0.jpg)
We anticipate immense potential benefits from the upcoming Sovereign Gold Bond Tranche in FY...
![Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing week Says Mr. Ajit Mishra, Religare Broking](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/cc796169e4f7c012914c95f4a8efe430.jpg)
![Weekly market outlook : The market is eagerly awaiting data on inflation and industrial production to provide further guidance Says Vinod Nair, Geojit Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/5f1fa5f12be5ac87ff9258ea3909f0f8.jpg)
![Monthly Debt Market Update, September 2023: CareEdge Ratings](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/c5541407585e9dfdc52f905c92d59e61.jpg)