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

2025-04-30 03:58:49 pm | Source: LKP Securities

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 Nifty continues to consolidate within a narrow range as traders preferred to remain on the sidelines ahead of the holiday. However, with the index sustaining above the critical 20 EMA on the daily timeframe, the bullish trend remains intact. Momentum also remains strong, with the RSI holding above 50 and showing a bullish crossover. On the higher end, resistance is placed at 24,550 — a sustained move above this level could trigger a decent rally in the market. On the lower end, support is seen at 24,200.

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

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