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

2025-01-31 05:50:10 pm | Source: LKP Securities Ltd

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

News By Tags | #Sensex #ExpertViews #MarketOutlook #Nifty #BankNifty #LKPSecuritiesLtd #RupakDe

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."

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

IGI Logo

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

Top News

Tag News

More News