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

2025-05-08 05:11:06 pm | Source: LKP securities Ltd

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

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

"The index closed with a Dark Cloud Cover candlestick pattern, indicating heightened fear among traders. Prior to this, the index faced resistance around 24,550. The near-term sentiment now appears weak, with the potential for further correction in the short term. Immediate support is seen at 23,950; a break below this level could lead the index down towards 23,450. On the upside, resistance is placed at 24,400 and 24,550."

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

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