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
US tariffs: Textiles, gems and jewellery to face pre...
Lee Jae Myung pledges to support US push to revitali...
US officials hold talks on energy deals with Russia
Apple`s iPhone 17 launch set for September 9 with ma...
Centre sets ball rolling for 4 new flyovers in Gurug...
Infra sector outlook strong as 42 pc of India's popu...
SAIL beefs up Indian Navy warships with critical-gra...
Indian Post Payment Bank registers 60-70 pc CAGR in ...
Mumbai among world`s top prime residential markets w...
62 pc of Indian SMEs expect sales growth in Q2 FY26
