Quote on Nifty 29 July 2025 by Rupak De, Senior Technical Analyst at LKP Securities

2025-07-29 06:03:46 pm | Source: LKP Securities

Quote on Nifty 29 July 2025 by Rupak De, Senior Technical Analyst at LKP Securities

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Below the Quote on Nifty 29 July 2025 by Rupak De, Senior Technical Analyst at LKP Securities

"Nifty formed a bullish engulfing pattern on the daily chart, suggesting the possibility of a meaningful bullish reversal. On the 2-hourly chart, the index has started a recovery supported by a positive divergence. In addition, a hidden positive divergence is visible on the daily chart, further indicating the potential for a smart recovery in the short term. On the higher side, Nifty may move towards 24,950–25,000. A decisive move above 25,000 could trigger a rally towards 25,200. On the downside, support is placed at 24,750."

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Quote on Nifty 29 July 2025 by Rupak De, Senior Technical Analyst at LKP Securities

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