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

2025-03-20 04:50:56 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

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

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