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13-09-2023 05:14 PM | Source: LKP Securities

Quote on Nifty : Bulls successfully regained control from bears, pushing Nifty back above the 20,000 mark Says Rupak De, LKP Securities

News By Tags | #Sensex #ExpertViews #MarketOutlook #Nifty #BankNifty #LKPSecuritiesLtd #RupakDe

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Below Quote on Nifty 13 September 2023 By Rupak De, Senior Technical Analyst at LKP Securities

"Bulls successfully regained control from bears, pushing Nifty back above the 20,000 mark. Notably, it closed above this threshold, marking a historic closing high for Nifty. The prevailing sentiment remains optimistic, contingent on put writers safeguarding the 19,900 level. A drop below 19,900 could unsettle put writers, potentially triggering market corrections.

On the upside, the 20,100-20,150 range is poised to act as resistance. A clear breakthrough above 20,150 might propel Nifty into a sustained upward trend."

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Quote on Nifty : Bulls successfully regained control from bears, pushing Nifty back above the 20,000 mark Says Rupak De, LKP Securities

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