2025-02-04 05:22:20 pm | Source: LKP Securities Ltd
Quote on Nifty by Rupak De, Senior Technical Analyst at LKP Securities
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."
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
.jpg)
Ancient human footprints unearthed in Gujarat: 9,000...
Bharti Airtel`s Q1 net profit jumps 57 pc to Rs 7,42...
MEA briefs on Philippine President Marcos Jr visit t...
A Guide to Fashion Engagement Ring Platters
MOSt Signature: Model Portfolio - August 2025 by Mo...
How diabetes worsens TB, causes treatment failure an...
Deaf Lucknow Giants lifts T20 Deaf Indian Premier Le...
Nitish cabinet approves 36 proposals: Major boost in...
FIIs stood as net sellers in equities as per August ...
Cooling Trend Continues with a Sequential Rise in Ju...
