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
Quote on Post-market comment by Mandar Bhojane, Rese...
Daily Market Commentary : Indian market stays firm ...
Sensex rises for 3rd day; Nifty near 23,450 as banks...
Evening Track : Gold rally accelerates, crossing $3,...
India`s Wipro forecasts weak Q1 revenue, warns of ca...
Adroit Infotech shines as its arm bags order from PT...
Ashapuri Gold Ornament moves up on expanding operati...
Quote on Market Wrap by Shrikant Chouhan, Head Equit...
Attero joins National Institute of Solar Energy to a...
Mark Mobius: India has potential to become world`s 2...
More News
Morning Nifty and Derivative Comments 06 March 2025 By Anand James, Geojit Financial Services
Weekly Market Outlook : Domestic Market Rebounds as Q3FY25 GDP & Consumption Recover Says Vinod Nair, Head of Research, Geojit ...
Quote on?Market Wrap by Shrikant Chouhan, Head Equity Research, Kotak Securities
Weekly Note : The markets traded within a tight range and ended nearly half a percent lower, extending the ongoing corrective ...