View on Nifty 06 June 2022 By Rupak De, LKP Securities
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Below are View on Nifty 06 June 2022 By Rupak De, Senior Technical Analyst at LKP Securities
"Nifty remained volatile during the session. On the lower end, bulls have protected the crucial support of 16400, which led to a rally towards 16600. The trend is likely to remain positive for the near term as long as 16400 is held on a sustained basis. On the higher end, resistance is seen at 16800
The Bank Nifty has remained below the 50 EMA throughout the session. The momentum oscillator is a bullish crossover. Going forward, Bank Nifty may remain sideward to positive as long as it holds the crucial support of 35000. On the higher end, resistance is visible at 36000"
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