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View on Nifty : Nifty has moved above its recent consolidation as the bullish momentum continues Says Rupak De, LKP Securities
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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"
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