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
NMDC records double-digit surge in iron ore producti...
Perspective On markets by Mr. Vikram Kasat, Head - A...
Indian stock market closes higher; Adani Group share...
Opportunity to invest in India?s long-term growth st...
Quote on Market Wrap Up by Mr. Ajit Mishra - SVP, Re...
Data breach: SK Telecom suspends new subscriber sign...
Daily Market Commentary : April U.S. nonfarm payroll...
Indian stock market closes higher; Adani Group share...
Hand hygiene not a luxury but cornerstone of safe he...
Quote on Market Wrap Up by Shrikant Chouhan, Head Eq...
