View on Nifty : Nifty has found resistance at the 50 EMA for the second consecutive session Says Rupak De, LKP Securities
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View on Nifty 13 July 2022 By Rupak De, Senior Technical Analyst at LKP Securities
"Nifty has found resistance at the 50 EMA for the second consecutive session. On the daily chart, back-to-back bearish candles indicate near-term weakness. The RSI on the daily chart indicates a weak price momentum. On the lower end, the index may fall towards 15850, where the lower band of the rising channel lies. On the higher end, resistance is visible at 16200."
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