Quote on Nifty 26th August 2025 from Rupak De, Senior Technical Analyst, LKP Securities

2025-08-26 05:59:44 pm | Source: LKP securities Ltd

Quote on Nifty 26th August 2025 from Rupak De, Senior Technical Analyst, LKP Securities

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Below the Quote on Nifty 26th August 2025 from Rupak De, Senior Technical Analyst, LKP Securities

"The Nifty fell sharply, breaking below the support level of 24,800. Today’s decline was severe, pushing the index under the critical 50-day EMA. The RSI has entered a bearish crossover, indicating weakening price momentum. In the short term, the index is likely to remain under selling pressure as long as it trades below 24,850. On the downside, the correction could extend towards 24,150 or lower."

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Quote on Nifty 26th August 2025 from Rupak De, Senior Technical Analyst, LKP Securities

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