Quote on Nifty 05th December 2025 from Rupak De, Senior Technical Analyst at LKP Securities

2025-12-06 05:56:13 pm | Source: LKP Securities Ltd

Quote on Nifty 05th December 2025 from Rupak De, Senior Technical Analyst at LKP Securities

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Below the Quote on Nifty 05th December 2025 from Rupak De, Senior Technical Analyst at LKP Securities

"The Nifty moved up sharply on Friday, buoyed by the monetary policy outcome. The trend remains positive, with the index sustaining above the 21 EMA. On the hourly chart, the index has given a breakout from its recent consolidation, indicating rising optimism. The RSI has reclaimed a bullish crossover, pointing towards strong momentum.

In the short term, the trend may remain strong, with the potential for the Nifty to move towards 26,300/26,440. Support is placed at 26,060–26,000. Buying on dips may be favoured as long as the index sustains above 26,000."

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Quote on Nifty 05th December 2025 from Rupak De, Senior Technical Analyst at LKP Securities

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