The momentum oscillator RSI was in a bearish crossover. “The trend is likely to remain weak as long as it remains below the 17,000 level. On the lower end, 16,800-16,830 levels will likely remain key support points. On the higher end, resistance is visible at 17,000,” said Rupak De, Senior Technical Analyst at LKP Securities.
200 DMA: Rs 1429.84| LTP: Rs 1406.3
Nifty is currently oscillating within a wide trading range, necessitating a breakout to gain notable momentum. Analysts are providing tailored strategies for traders facing this
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