View on Nifty :On the lower end, the Nifty found support at a near-term moving average Says Rupak De, LKP Securities
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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."
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