Quote on Nifty 29 July 2025 by Rupak De, Senior Technical Analyst at LKP Securities
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."
Above views are of the author and not of the website kindly read disclaimer
Tag News
MOSt Market Roundup : Nifty future closed positive with gains of 0.54% at 24843 levels by Mo...
More News
Quote on Weekly View by Puneet Pal, Head-Fixed Income, PGIM India Mutual Fund
