View on Nifty : The index may consolidate till it gives a breakout above 16600 Says Rupak De, LKP Securities
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View on Nifty 20 July 2022 By Rupak De, Senior Technical Analyst at LKP Securities
"Nifty found resistance at the higher levels as it reached the upper band of the rising channel on the daily chart. Over the near term, the index may consolidate till it gives a breakout above 16600. On the lower end, 16350-16400 may remain crucial support. A buy on dips strategy is likely to work as long as the Nifty holds above 16350."
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