Quote on Nifty 23rd September 2025 by Vatsal Bhuva, Technical Analyst at LKP Securities

2025-09-23 05:25:12 pm | Source: LKP Securities Ltd

Quote on Nifty 23rd September 2025 by Vatsal Bhuva, Technical Analyst at LKP Securities

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Below the Quote on Nifty 23rd September 2025 by Vatsal Bhuva, Technical Analyst at LKP Securities

"On Tuesday, Nifty found support near its 20-day EMA and closed close to its 10-day EMA, keeping the broader outlook positive as long as it sustains above the 50-day EMA at 24,900. However, significant call writing was witnessed at the 25,300–25,400 zone, where a hanging man candlestick emerged after consecutive buying sessions. This suggests short-term consolidation. For the near term, Nifty is likely to trade in a range of 25,100–25,400, with 25,100 acting as strong support and 25,400 serving as key resistance for the index."

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Quote on Nifty 23rd September 2025 by Vatsal Bhuva, Technical Analyst at LKP Securities

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