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 continues to consolidate within a narrow range, having failed to move past the 61.80% retracement level of the previous decline from the all-time high of 26,277 to the recent low of 21,743. This consolidation may persist in the near term, as the index appears to be in no hurry to make a decisive move beyond the 24,000–24,550 range. A decisive breakout above 24,550 could potentially trigger a rally toward higher levels. On the downside, immediate support is placed at 24,200; a break below this level may extend the correction toward 24,000."
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Quote on Post-market comment by Hardik Matalia, Derivative Analyst, Choice Broking
