2025-01-31 05:50:10 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 has given a falling wedge breakout, indicating a short-term bullish reversal. The index has also moved above the 21-period EMA, reinforcing the positive momentum. Additionally, the current RSI reading supports a strong upward move in the market. However, much will depend on how market participants react during and after the budget. Support is placed at 23,300–23,200, while resistance is seen at 23,600 and 23,800."
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