View on Nifty : Nifty remained range bound before closing flat for the day Says Rupak De, LKP Securities
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/08/1a77928156e28f778c16fc5053778b81.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
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."
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/fintech57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/FMCG4.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Finance_Sinduja.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Nayka22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Real estate sector_498.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/BCPL Railway Infrastructure.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Nazara Tech.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Kedia Cotton Report.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/solar8.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Indian Railways_54.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/aecd4f4a5e886b873aa68500d027acd0.jpg)
We anticipate immense potential benefits from the upcoming Sovereign Gold Bond Tranche in FY...
![Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing week Says Mr. Ajit Mishra, Religare Broking](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/cc796169e4f7c012914c95f4a8efe430.jpg)
![Weekly market outlook : The market is eagerly awaiting data on inflation and industrial production to provide further guidance Says Vinod Nair, Geojit Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/5f1fa5f12be5ac87ff9258ea3909f0f8.jpg)
![Monthly Debt Market Update, September 2023: CareEdge Ratings](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/c5541407585e9dfdc52f905c92d59e61.jpg)