Quote on Nifty 01st September 2025 from Rupak De, Senior Technical Analyst, LKP Securities
Below the Quote on Nifty 01st September 2025 from Rupak De, Senior Technical Analyst, LKP Securities
"The index has witnessed a significant recovery from negativity as the Nifty reversed momentum following an inverted hammer pattern. On the hourly RSI, a hidden positive divergence is visible. However, sentiment remains “sell on rise” as long as the index stays below 24,850. Only a decisive move beyond 24,850 might induce a rally towards 25,250/25,500. On the lower end, support is placed at 24,500."
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