View on Nifty : The index has remained below the important moving average Says Rupak De, LKP Securities
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View on Nifty 14 July 2022 By Rupak De, Senior Technical Analyst at LKP Securities
"The Nifty corrected towards the lower band of the rising channel before closing a bit off the day's low. On the daily chart, the index has remained below the important moving average. The daily RSI is in a bearish crossover. On the lower end, the index may find support at 15850-15875. On the higher end resistance is visible at 16100."
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