Quote on Nifty 01st October 2025 by Vatsal Bhuva, Technical Analyst at LKP Securities

2025-10-01 04:20:33 pm | Source: LKP Securities Ltd

Quote on Nifty 01st October 2025 by Vatsal Bhuva, Technical Analyst at LKP Securities

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

Below the Quote on Nifty 01st October 2025 by Vatsal Bhuva, Technical Analyst at LKP Securities

"Nifty closed Wednesday’s session with a strong bullish candlestick after the RBI policy outcome and auto sales data, reclaiming levels above its 100-day EMA at 24,750, which earlier acted as resistance. The index has also retraced 61% of the Fibonacci move between the September 1 low and September 18 high at 25,453. On the derivative front, heavy put writing at 24,700–24,800 suggests a higher base, with maximum OI at 25,000. Overall, sentiment has turned positive, with support at 24,700 and resistance at 25,000–25,100."

Above views are of the author and not of the website kindly read disclaimer

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here

IGI Logo

Quote on Nifty 01st October 2025 by Vatsal Bhuva, Technical Analyst at LKP Securities

Top News

Tag News

More News