View on Nifty : Nifty has moved above its recent consolidation as the bullish momentum continues Says Rupak De, LKP Securities
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
View on Nifty 08 August 2022 By Rupak De, Senior Technical Analyst at LKP Securities
"The Nifty has moved above its recent consolidation as the bullish momentum continues. The index has closed above the previous congestion levels on the daily chart, which suggests rising strength. The trend is likely to remain bullish over the short term as long as it remains above the 200DMA, which is placed at 17000. On the higher end, the index may move towards 17750-17800"
Above views are of the author and not of the website kindly read disclaimer
Tag News
We anticipate immense potential benefits from the upcoming Sovereign Gold Bond Tranche in FY...
More News
Post Market comment by Mandar Bhojane, Research Analyst, Choice Broking
