Quote on Nifty 29th December 2025 by Rupak De, Senior Technical Analyst at LKP Securities
Below the Quote on Nifty 29th December 2025 by Rupak De, Senior Technical Analyst at LKP Securities
"The index witnessed profit booking during the session, leading to a decline in the market. On the derivatives front, 26,000 PE put writers unwound their positions as the index slipped below this level. The trend has weakened as the index moved below the 21 EMA; additionally, it has retraced more than 50% of the previous rise, casting doubt over the sustainability of the recent rally. On the downside, support is placed at 25,900, while on the upside, the 26,000 level is likely to act as the initial resistance."
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