Below View on Bank Nifty 12 April 2023 By Rupak De, Senior Technical Analyst at LKP Securities
Nifty remained volatile during the day, with a predominately bullish bias. On the daily chart, the index has remained above the channel breakout, suggesting a positive reversal. The daily momentum indicator RSI is in bullish crossover and rising. The market will remain a buy on dips as long as the index remains above 17700. On the higher end, the rally may extend towards 17900/17970.
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