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Quote On Bank NIfty : Nifty extended its decline as the benchmark index slipped towards 19,700 Says Rupak De, LKP Securities
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Below The Quote On Bank NIfty 21 September 2023 By Rupak De, Senior Technical Analyst at LKP Securities
"Nifty extended its decline as the benchmark index slipped towards 19,700. The Nifty index closed below the 20EMA, signaling a diminishing bullish sentiment. Weakness appears evident with a bearish crossover in the RSI. Selling on rallies remains the favored strategy as long as it stays below 20,000. On the downside, support is situated in the range of 19,700/ 19,630."
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