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 was unable to break above the 50 EMA on the daily timeframe, resulting in a market correction. However, sentiment remains positive as the index closed above 24,000. The RSI shows a bullish crossover. On the upside, the index may rise towards 24,200–24,220, with a break above 24,220 potentially pushing it to 24,500. Conversely, a decisive move below 24,000 could lead the index towards 23,700."
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