Quote on Nifty 27th October 2026 by Vatsal Bhuva, Technical Analyst at LKP Securities

2026-10-27 04:46:30 pm | Source: LKP Securities Ltd

Quote on Nifty 27th October 2026 by Vatsal Bhuva, Technical Analyst at LKP Securities

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Below the Quote on Nifty 27th October 2026 by Vatsal Bhuva, Technical Analyst at LKP Securities

"The Nifty index managed to close above its 20 DMA and 200 WMA on the daily chart after briefly slipping below these key technical levels, indicating buying support at lower levels. However, selling pressure is visible near the 22,800 resistance zone. The overall setup suggests a sideways to mildly positive outlook in the short term. On the downside, 22,600 remains an immediate support, while 22,800 is the key hurdle. A sustained move above 22,800 could open the door for a test of 23,000. Hence, traders should adopt a level-based trading strategy."

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Quote on Nifty 27th October 2026 by Vatsal Bhuva, Technical Analyst at LKP Securities

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