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

2025-05-13 05:26:41 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 index slipped lower as traders booked short-term profits. However, sentiment is likely to remain positive in the near term, despite some profit-taking following the recent sharp rise. The index continues to trade above the short-term moving average, confirming a bullish trend. Additionally, it has been sustaining above the previous consolidation zone. In the short term, the index may continue its upward movement with the potential to reach 25,350. On the downside, support is placed at 24,400. A buy-on-dips strategy may be favorable as long as the index remains above this level."

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

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