Quote on Nifty 26th September 2025 by Vatsal Bhuva, Technical Analyst at LKP Securities

2025-09-26 05:20:08 pm | Source: LKP Securities Ltd

Quote on Nifty 26th September 2025 by Vatsal Bhuva, Technical Analyst at LKP Securities

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Below the Quote on Nifty 26th September 2025 by Vatsal Bhuva, Technical Analyst at LKP Securities

"On Friday, Nifty closed forming a bearish candle on both the daily and weekly charts, signaling continued weakness. The follow-up selling after Thursday’s breach of the 20-day and 50-day EMAs confirms a bearish outlook for the short term as well as broader market sentiment. As long as the market sustains below 25,000 levels, the undertone is expected to remain bearish. With the index closing below its 100-day EMA, it is likely to test the 200-day EMA around 24,400, which also acts as positional support. Immediate support is placed at 24,600, while any recovery may face resistance near 24,800 levels."

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Quote on Nifty 26th September 2025 by Vatsal Bhuva, Technical Analyst at LKP Securities

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