View on Nifty :On the lower end, the Nifty found support at a near-term moving average Says Rupak De, LKP Securities
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/08/3debc18d4cb2f9fa99c8ec96397ed517.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
View on Nifty 23 August 2022 By Rupak De, Senior Technical Analyst at LKP Securities
"Nifty ended the day with a significant green candle that pierced through the body of the previous bear candle on the daily chart. On the lower end, the Nifty found support at a near-term moving average. Going ahead, the trend may remain positive as long as the index holds above 17400 on a sustained basis. On the higher end, 17700 may act as immediate resistance; a decisive move above 17700 may induce a rally towards the recent high of 18000."
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/Shivam Thakral, CEO of BuyUcoin.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Tesla117117.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Dilip Chenoy, Chairman, Bharat Web3 Association.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/National Health Mission.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Vikas Gupta, OmniScience.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/202407243192131.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Budget_3.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Kedia Bullion Outlook.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Kedia Bullion Outlook.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Kedia Cotton Report.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/aecd4f4a5e886b873aa68500d027acd0.jpg)
We anticipate immense potential benefits from the upcoming Sovereign Gold Bond Tranche in FY...
![Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing week Says Mr. Ajit Mishra, Religare Broking](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/cc796169e4f7c012914c95f4a8efe430.jpg)
![Weekly market outlook : The market is eagerly awaiting data on inflation and industrial production to provide further guidance Says Vinod Nair, Geojit Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/5f1fa5f12be5ac87ff9258ea3909f0f8.jpg)
![Monthly Debt Market Update, September 2023: CareEdge Ratings](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/c5541407585e9dfdc52f905c92d59e61.jpg)
More News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/01/71ea01da60384c80fac9ff9eeb6bebb8.jpg)
Market Quote : Investors welcomed the new year on a high note Says Mr. Vinod Nair, Geojit Fi...
![Daily Market Analysis : Markets edged higher and gained nearly half a percent, in continuation of the prevailing trend Says Mr. Ajit Mishra, Religare Broking](https://portfolio.investmentguruindia.com/uploads/news/Ajit Mishra.jpg)
![Weekly Note on Market: Previous week on the weekly chart Nifty50 formed bearish dark cloud cover candle stick pattern at all time Says Mr. Apurva Sheth, Samco Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/12/2381d73ef6ef29be3862c96dad42c579.jpg)
![Weekly Market Analysis : Consequently, the benchmark indices, Sensex and Nifty, settled at 62,181.67 and 18,496.60 levels Says Mr. Ajit Mishra, Religare Broking](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/12/c58bc61894bbbf4b668895e365444b29.jpg)