Quote on Nifty 23rd September 2025 by Vatsal Bhuva, Technical Analyst at LKP Securities
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 Market 23rd September by Vinod Nair, Head of Research, Geojit Investments Limited
