View on Nifty : Nifty has been moving higher while remaining around the upper band of the rising channel on the daily timeframe Says Rupak De, LKP Securities
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View on Nifty 22 July 2022 By Rupak De, Senior Technical Analyst at LKP Securities
"Nifty has been moving higher while remaining around the upper band of the rising channel on the daily timeframe. The trend remains positive; however, the proximity to the resistance level attracts selling pressure in the market. Over the short term, the Nifty may witness a consolidation. On the lower end, support is visible at 16500; while resistance is likely to be there at 16750-16800."
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