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 index has moved higher after finding support at the 21-day EMA. Broadly speaking, the Nifty appears to be consolidating within the range of 24,700–25,000. The short-term trend remains positive, with momentum likely to strengthen above 25,000. A decisive breakout above this level could give the bulls an upper hand and potentially trigger a rally towards 25,250–25,350. On the downside, the index has support at 24,700; a break below this level could attract bearish bets."
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