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View on Nifty : Nifty slipped back below the falling trend line Says Rupak De, LKP Securities
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View on Nifty 22 August 2022 By Rupak De, Senior Technical Analyst at LKP Securities
"Nifty slipped back below the falling trend line, indicating a failed breakout. On the lower end, the price has corrected towards the support zone of 17500-17400. Over the near term, a fall below 17400 may trigger a further correction in the market. On the lower end, support is visible at 17200/17000. On the other hand, the Nifty may recover towards 17700 if it doesn't fall below 17400."
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