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

2025-02-04 05:22:20 pm | Source: LKP Securities Ltd

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

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

"The Nifty has moved up following a falling wedge pattern retest, indicating the possibility of a decent rally in the short term. Additionally, the index has been sustaining above the critical 21EMA on the daily timeframe. The RSI is in a bullish crossover and rising after forming a base on the daily timeframe, indicating strong momentum. In the short term, the index may move toward 24,050 and higher, while support levels are placed at 23,500 and 23,250."

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

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