Quote on Nifty 08th December 2025 from Rupak De, Senior Technical Analyst at LKP Securities

2025-12-08 05:30:06 pm | Source: LKP Securities Ltd

Quote on Nifty 08th December 2025 from Rupak De, Senior Technical Analyst at LKP Securities

News By Tags | #Sensex #ExpertViews #MarketOutlook #Nifty #BankNifty #LKPSecuritiesLtd #RupakDe

Below the Quote on Nifty 08th December 2025 from Rupak De, Senior Technical Analyst at LKP Securities

"Bank Nifty closed sharply lower, failing to carry forward the previous day's optimistic momentum. However, unlike Nifty, Bank Nifty managed to close above the 21 EMA, keeping the technical uptrend intact. Even so, sentiment appears weak, and the moving average support looks fragile. A bearish crossover in the RSI also indicates weakening momentum.

The short-term outlook remains negative, with the index potentially sliding towards 58,800/58,500. On the higher side, resistance is placed at 59,500/59,800."

Above views are of the author and not of the website kindly read disclaimer

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here

IGI Logo

Quote on Nifty 08th December 2025 from Rupak De, Senior Technical Analyst at LKP Securities

Top News

Tag News

More News