22-09-2023 04:48 PM | Source: LKP Securities
Quote on Nifty : On the upside, 19,800 is expected to serve as a resistance level Says Rupak De, LKP Securities
Below View on Nifty 22 September 2023 By Rupak De, Senior Technical Analyst at LKP Securities
"Nifty experienced consistent selling pressure throughout the week, resulting in a decline of 2.80% from its all-time high. This recent correction has caused it to dip below the critical 21-day Exponential Moving Average (21EMA). The sentiment appears bearish at this point, with a key support level identified at 19,600. A breach below 19,600 could potentially initiate a more significant market correction. On the upside, 19,800 is expected to serve as a resistance level."
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