Quote on Nifty 10th October 2026 by Rupak De, Senior Technical Analyst at LKP Securities
Below the Quote on Nifty 10th October 2026 by Rupak De, Senior Technical Analyst at LKP Securities
"The Nifty staged a smart recovery on Friday, gaining more than 1%. However, it failed to move above the 50EMA on the hourly chart, placed around 22,600. The near-term trend might improve if the index moves above the 22,600–22,650 resistance zone, potentially leading to a continuation of the recovery. However, failure to break above this zone might bring back market weakness. On the lower end, supports are placed at 22,450, 22,350, and 22,100."
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