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."
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