View on Nifty : Nifty has slipped below the previous session's low as bears remained at the helm By Rupak De, LKP Securities
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View on Nifty 12 July 2022 By Rupak De, Senior Technical Analyst at LKP Securities
"Nifty has slipped below the previous session's low as bears remained at the helm. It has formed a small-bodied candle just below an important moving average, indicating a bearish day of mild significance. On the lower end, however, 16000 is likely to act as crucial support. On the higher end, resistance is visible at 16200, where meaningful call writing has happened."
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