2025-03-24 05:22:00 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 witnessed a further extension of its upward move, rising above the resistance level of 23,600. The RSI is in a bullish crossover, coupled with the fact that the price has been sustaining above the 50 EMA for the last three days. In the short term, the index is likely to remain strong as long as it stays above the support level of 23,500. Only a decisive fall below 23,500 might trigger a small correction in the market."
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
FIIs stood as net buyers in equities as per Septembe...
Global labour shortage by 2047 to create opportunity...
RBI likely to cut rates by 25 bps in Q4 CY25 as infl...
Delhi`s office market picks up momentum, projected t...
High-quality standards need of the hour for India`s ...
Tata Motors strengthens EV ecosystem, crosses 25,000...
First-ever Startup World Cup in India in Oct, $1 mil...
Bank credit to grow 11?12 pc this fiscal on 2nd half...
PM Narendra Modi highlights India`s digital transfo...
Over 50 lakh farmers become shareholders in 10,000 F...
