Quote on Nifty 23rd February 2026 from Rupak De, Senior Technical Analyst at LKP Securities

2026-02-23 05:44:03 pm | Source: LKP Securities

Quote on Nifty 23rd February 2026 from Rupak De, Senior Technical Analyst at LKP Securities

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

Below the Quote on Nifty 23rd February 2026 from Rupak De, Senior Technical Analyst at LKP Securities

"Following a gap-up start, the index retraced and slipped back below the 50DMA due to a lack of buying interest at higher levels. A flow of contradictory news kept the index confined roughly within the band of the 21EMA (25641) and the 50DMA (25737). India VIX remained elevated, while the index continued to hold above the 200DMA. The daily RSI remained indecisive despite a positive crossover. In the short term, the index may remain sideways unless it moves above 25750 or falls below 25600."

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 23rd February 2026 from Rupak De, Senior Technical Analyst at LKP Securities

Top News

Tag News

More News