View on Nifty : The up trend remains intact as the barometer index Says Rupak De, LKP Securities
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View on Nifty 17 August 2022 By Rupak De, Senior Technical Analyst at LKP Securities
"Nifty has remained above the falling trend line, confirming the continuation of the ongoing bull run. The up trend remains intact as the barometer index has not shown any weakness. The popular momentum oscillator is in a deep overbought zone but has no bearish crossover, suggesting a continuation of bullish momentum. On the higher end, resistance is seen at 18000-18100. On the lower end, support is visible at 17700."
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