2025-01-23 04:51:49 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
"Following a positive start, the trading session on Thursday remained muted, with the index showing limited movement. It failed to break above the 50 EMA on the hourly chart, indicating selling pressure at higher levels. The bearish trend is likely to persist as long as the index stays below 23,400. On the downside, support levels are observed at 23,150 and 23,000."
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
Nifty is expected to open on a positive note and lik...
Australia, NZ dlrs rise on Trump comments; yen stead...
India VIX decreased by 0.46% to close at 16.70 touch...
Indian shares set to open higher after Trump roots f...
Asia shares buoyed by Trump's China comments, yen aw...
The markets are expected to open marginally higher t...
Opening Bell : Benchmarks likely to open in green tr...
FIIs stood as net sellers in equities as per January...
``Gen Z vs. Millennial Style: A Clash of Fashion Gen...
India`s Infra.Market raises $121 mn in pre-IPO fundi...
Tag News
Nifty is expected to open on a positive note and likely to witness range bound move during t...
India VIX decreased by 0.46% to close at 16.70 touching an intraday high of 17.08 - Nirmal Bang Ltd
Indian shares set to open higher after Trump roots for lower U.S. rates
The markets are expected to open marginally higher today as trends in GIFT NIFTY indicate a positive start - ARETE Securities Ltd
