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

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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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