Quote on Nifty 09th December 2025 from Rupak De, Senior Technical Analyst at LKP Securities
Below the Quote on Nifty 09th December 2025 from Rupak De, Senior Technical Analyst at LKP Securities
"The Nifty slipped in the opening hour before finding support around the 61.80% Fibonacci retracement level of the previous rise. It is also observed that the 61.80% retracement level coincides with the 50EMA, indicating the strength of the support zone. However, the short-term sentiment might remain weak as the index is sustaining below the 21EMA. The RSI is in a bearish crossover, adding to the weak momentum. In the short term, the trend may remain weak with a possible decline towards 25,615/25,535. Resistance is placed at 25,970–26,000."
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