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

2025-04-09 04:33:39 pm | Source: LKP Securities Ltd

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

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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."

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

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