View on Nifty : The benchmark Nifty remained above 50 EMA throughout the session By Rupak De, LKP Securities
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Below are View on Nifty 08 July 2022 By Rupak De, Senior Technical Analyst at LKP Securities
"The benchmark Nifty remained above 50 EMA throughout the session suggesting a prevailing positive trend. A higher top higher bottom of a smaller degree is visible on the daily chart. The daily RSI is in positive crossover and rising. The trend is likely to remain positive as long as it sustains above 16000. On the higher end, 16300 may act as immediate resistance."
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