View On Nifty 18 May 2022 By Rupak De, LKP Securities
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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"
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