2025-03-25 04:29:10 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 faced resistance at the previous swing high, leading to a volatile session before closing slightly lower. On the downside, support is observed around 23,300, which is a congestion level, with the 100-EMA also placed near this level. As long as the Nifty remains above 23,300, we anticipate a consolidation phase within a broader range of 23,300 to 23,800. Immediate support is placed at 23,600, and a decisive drop below this level could drive the index toward 23,300. On the upside, resistance is at 23,800, and a breakout above this level may resume the rally."
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
Meesho surges on incorporating Wholly Owned Subsidiary
MCX Natural gas Feb is expected to rise towards ?365...
Hindustan Aeronautics rises on signing contracts wit...
India can sustain 'J?curve' gains using trade divers...
Indian Hotels Company gains on opening Taj Gangtey R...
Market is expected to open on a gap down note and li...
Godrej Properties rises on acquiring around 8.5-acre...
ACME Solar Holdings shines on signing PPA with NHPC ...
BUY TURMERIC APR @ 16800 SL 16500 TGT 17100-17400. N...
Magellanic Cloud rises as its arm bags LoA worth Rs ...
More News
Daily Market Commentary : Nifty IT edged up by 0.4% after US Nasdaq Index rose by 0.8% on Tu...
Daily Market Commentary : All sectoral indices ended in the red with FMCG and IT being the weakest performers, ending with loss...
Quote on Nifty 28th November 2025 from Vatsal Bhuva, Technical Analyst at LKP Securities
Daily Market Commentary : Nifty slipped below the 25k mark, ending 143 points lower at 24,968 (-0.6%) by Says Mr. Siddhartha Kh...