Quote on Nifty 04th September 2025 from Rupak De, Senior Technical Analyst at LKP Securities

2025-09-04 05:56:04 pm | Source: LKP securities Ltd

Quote on Nifty 04th September 2025 from Rupak De, Senior Technical Analyst at LKP Securities

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

"The Nifty pared most of its gains after a gap-up start driven by optimism over GST reforms. The daily close was just below the 21 EMA, indicating a continuation of weakness, although the index appears to be nearing a potential trend reversal. A decisive move above 24,750 could provide the strength needed for the Nifty to move towards 25,000. A sustained move above 25,000 could trigger a further rally. On the other hand, failure to close above 24,750 within the next two to three days may lead to renewed selling pressure on the index."

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Quote on Nifty 04th September 2025 from Rupak De, Senior Technical Analyst at LKP Securities

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