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

2025-02-05 04:32:21 pm | Source: LKP Securities Ltd

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 Nifty remained mostly sideways during the session before closing slightly lower. On the lower end, the fall was limited to around 23,700, while the upside was capped at approximately 23,800. However, in the short term, the trend continues to favor the bulls as the index remains above the critical moving average, supporting a bullish outlook. On the higher end, the index may continue to move towards 24,050 in the near term. Meanwhile, support is placed at 23,500, where maximum put writing is visible."

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

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