2025-04-09 04:33:39 pm | Source: LKP Securities Ltd
Quote on Nifty by Rupak De, Senior Technical Analyst at LKP Securities
Below the Quote on Nifty by Rupak De, Senior Technical Analyst at LKP Securities
"Nifty continues to trade below the upper band of the falling channel and the 21-day EMA, indicating short-term weakness and resistance near 22,500. The RSI shows a bearish crossover, reinforcing the negative momentum. The trend is expected to stay weak below 22,500, with a breakout potentially driving the index to 22,750–22,800. Failure to cross 22,500 may drag it down toward 22,000."
Above views are of the author and not of the website kindly read disclaimer
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or
investment advice. Investments in financial markets are subject to market risks, and past performance is
not indicative of future results. Readers are strongly advised to consult a licensed financial expert or
advisor for tailored advice before making any investment decisions. The data and information presented
in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the
content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
Indian shares set to open marginally higher; Tata Ca...
Quality, rapid work for Mumbai-Ahmedabad HSR reflect...
Nifty, Bank Nifty and Stocks to watch out 04.10.2025...
Maharashtra adopts E-Bonds: Digital bonds replace pa...
Stable and predictable tax policy is key for growth:...
Malaysian companies keen to invest in Amaravati
Defence Minister Rajnath Singh lauds Jain community`...
20 pc seats in agriculture universities to be filled...
EEPC India welcomes reforms to ease compliance burde...
Indian stock market ends holiday-shortened week on p...
