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Below the Quote on Nifty 05th March 2026 by Rupak De, Senior Technical Analyst at LKP Securities

"The index recovered sharply on Thursday amid growing possibility of de-escalation. The decline in crude oil prices also provided an immediate cushion to Indian investors.

However, the overall chart structure has not changed materially, as the index continues to trade well below the 200 DMA as well as the former trendline support, which now acts as resistance. On the RSI, an initial sign of positive divergence is visible; however, it is not yet confirmed, keeping momentum uncertainties intact.

On the downside, support is placed at 24,530/24,300. On the upside, resistance is seen at 24,850/25,000. The “sell on rise” approach remains valid until the Nifty decisively moves above 25,000."

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