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 bearish pressure continues to intensify as the index closed below 23,500 for the first time in several days. The index remains below the crucial 50 EMA, reaffirming a bearish trend. Furthermore, the RSI remains in a negative crossover, signaling weak momentum. Sentiment stays subdued in the short term, with the potential for a decline toward 23,300 or 23,000. On the upside, resistance is observed at 23,550–23,600."
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