View on Nifty : Nifty has confirmed the resilience of the up trend Says Rupak De, LKP Securities
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View on Nifty 10 August 2022 By Rupak De, Senior Technical Analyst at LKP Securities
"Nifty has confirmed the resilience of the up trend by closing above the previous congestion high on the daily chart. The important moving averages are lying comfortably below the current index value confirming the uptrend again. The trend may remain bullish over the short term as long as it remains above 17350. However, the rally towards 17750-17800 is likely to attract selling pressure at the higher levels."
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