Quote on Nifty 02nd January 2026 by Rupak De, Senior Technical Analyst at LKP Securities

2026-01-03 02:21:47 pm | Source: LKP Securities Ltd

Quote on Nifty 02nd January 2026 by Rupak De, Senior Technical Analyst at LKP Securities

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Below the Quote on Nifty 02nd January 2026 by Rupak De, Senior Technical Analyst at LKP Securities

"The index has broken above its previous swing high, reinforcing a positive trend bias. The bullish crossover of the 20 EMA and 50 EMA further strengthens the upward structure. Additionally, the daily RSI has broken out of its prior consolidation phase, signalling a pickup in momentum.
The trend is expected to remain firm in the near to short term, with a buy-on-dips approach favoring the bulls as long as the index sustains above 26,000. On the upside, a decisive move above 26,350 could open the door for an advance towards 26,600 in the short term."

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Quote on Nifty 02nd January 2026 by Rupak De, Senior Technical Analyst at LKP Securities

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