View on Nifty : Nifty remained range bound before closing flat for the day Says Rupak De, LKP Securities
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View on Nifty 05 August 2022 By Rupak De, Senior Technical Analyst at LKP Securities
"Nifty remained range bound before closing flat for the day. On the daily chart, it formed a Doji pattern which suggests indecisiveness. The momentum indicator RSI is nn bullish crossover. The trend is likely to remain sideways to negative as long as it remains below 17500. On the lower end, support exists at 17200/17000."
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