2025-05-08 05:11:06 pm | Source: LKP securities Ltd
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities
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."
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 were net buyers in Cash to the tune of 884.03 C...
Stock Insights : AstraZeneca Ltd , Cipla Ltd , NLC?I...
Accumulate ABB India Ltd For Target Rs. 5,580 By El...
Lifestyle Architecture: Designing a Life You Love
Accumulate UPL Ltd For Target Rs. 749 By Elara Capital
Stepping in Style: A Guide to Kids? Footwear Trends ...
Accumulate Relaxo Footwears Ltd For Target Rs. 489 B...
Adani Electricity`s 1st digital 220 kV substation to...
Evening Roundup : A Daily Report on Bullion Energy &...
Autistic patients at high risk of Parkinson`s diseas...
