View on Nifty : Nifty slipped below the falling trend line Says Rupak De, LKP Securities
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Below View on Nifty 16 September 2022 By Rupak De, Senior Technical Analyst at LKP Securities
"Nifty slipped below the falling trend line on the daily chart suggesting a waning bullishness. On the daily timeframe, the index has fallen below the near-term moving average, 20 EMA. The momentum oscillator is in bearish crossover and falling. The trend for the near term looks negative; immediate support is seen at 17500, below which the Nifty may fall towards 17350. On the higher end, resistance is visible at 17700."
Above views are of the author and not of the website kindly read disclaimer
Tag News
We anticipate immense potential benefits from the upcoming Sovereign Gold Bond Tranche in FY...
More News
Market Analysis - It was a roller-coaster ride for markets By Mr. Ajit Mishra, Religare Brok...
