View on Nifty : The Nifty moved above the falling trendline on the daily chart Says Rupak De, LKP Securities
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View on Nifty 08 September 2022 By Rupak De, Senior Technical Analyst at LKP Securities
"The Nifty moved above the falling trendline on the daily chart. The setup looks bullish after the trendline breakout. Also, the index has moved above its recent consolidation on the daily timeframe. The momentum indicator has entered into a bullish crossover. Over the short term, the trend is likely to remain positive with a potential to reach 18100. On the lower end, support is visible at 17700."
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