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View on Nifty : Nifty slipped below the falling trend line Says Rupak De, LKP Securities
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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."
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