View on Nifty : The Benchmark Nifty has remained mostly sideways Says Rupak De, LKP Securities
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View on Nifty 03 August 2022 By Rupak De, Senior Technical Analyst at LKP Securities
"The Benchmark Nifty has remained mostly sideways for the day as the index remained within the bands of 17200 and 17400. On the higher end, 17400 has been acting as a crucial resistance for the last two days. Going ahead, a decisive move above 17400 may induce a further rally in the market. Failure to move above 17400 may attract selling pressure in the market. Support on the lower end is visible at 17200/17000."
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