Quote on Nifty 04th Aug 2025 by Rupak De, Senior Technical Analyst at LKP Securities

2025-08-04 05:16:49 pm | Source: LKP Securities Ltd

Quote on Nifty 04th Aug 2025 by Rupak De, Senior Technical Analyst at LKP Securities

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Below the Quote on Nifty 04th Aug 2025 by Rupak De, Senior Technical Analyst at LKP Securities

"Following a positive start, the index remained in the green throughout the day. On the hourly chart, it has reclaimed the 21EMA, indicating improving sentiment. The RSI has exhibited a positive divergence again, pointing towards improving momentum. Moreover, on the daily chart, a bullish Harami pattern has formed, signaling waning bearishness that could lead to a recovery in the short term. On the higher end, it might move towards 24850/25000. Support on the lower end, is placed at 24650/24500.."

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Quote on Nifty 04th Aug 2025 by Rupak De, Senior Technical Analyst at LKP Securities

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