2025-03-20 04:50:56 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
"The Nifty has given a falling trendline breakout on the daily chart, suggesting a bullish trend reversal. Additionally, it has been sustaining above the 21EMA for the past three days, confirming a short-term uptrend. The RSI has risen above the previous swing high, further strengthening the positive sentiment. Overall, the outlook remains optimistic, with the potential for a further rally in the short term. On the higher end, Nifty could move towards 23,400 and beyond, while on the lower end, support is placed at 23,000."
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