2025-02-21 05:17:42 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
"Nifty fell, giving a bearish flag pattern breakdown on the hourly chart, suggesting a rise in bearishness among market participants. Additionally, Nifty has closed at a multi-day low amid increased bearish sentiment. The RSI (14) has entered a bearish crossover. On the lower end, a correction towards 22,500 looks possible in the short term, while on the higher end, 22,850 might continue to remain a strong resistance."
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
Market Commentary (closing) for 24th March 2026 by B...
Daily Market Commentary for March 24th 2026 By Siddh...
'People-centric Green Budget': Education Minister ha...
95 pc Indian women ready for AI-focused role
India building world?s largest 30 GW renewable park ...
Gas refineries operating at high capacity, 18,700 to...
India`s energy diversification strategy 'wise move':...
IPO Report : Powerica Ltd by by Choice Broking
Two LPG ships carrying 92,600 tonnes LPG on way to I...
Sensex jumps 1,372 points, Nifty near day`s high as ...
Tag News
Market Commentary (closing) for 24th March 2026 by Bajaj Broking
Daily Market Commentary for March 24th 2026 By Siddhartha Khemka - Motilal Oswal Financial Services Ltd
Sensex jumps 1,372 points, Nifty near day`s high as geopolitical tensions ease
The index opened on a gap-up note and witnessed a mild retracement during the first half of the session by GEPL Capital Ltd
More News
Quote on Market Wrap Up 21 July 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securi...
Quote on Market Wrap 20th June 2025 from Mr. Ajit Mishra - SVP, Research, Religare Broking Ltd
Quote on Morning Market Movement 28th July 2025 by Akshay Chinchalkar, Head of Research, Axis Securities
Quote on Morning Market by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Investments Limited