Quote on Nifty 20th August 2025 from Rupak De, Senior Technical Analyst, LKP Securities
Below the Quote on Nifty 20th August 2025 from Rupak De, Senior Technical Analyst, LKP Securities
"The Nifty witnessed a largely positive session, closing above the 25,000 mark. Sentiment is likely to favor the bulls as the index has sustained above the 21 EMA for the past three sessions. Additionally, Put writers have outnumbered Call writers for the first time in several days. The Nifty is expected to remain a “buy on dips” as long as it holds above 24,800. On the higher side, resistance is placed at 25,250, above which the index may extend its gains towards 25,500."
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