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07-11-2024 04:28 PM | Source: LKP Securities Ltd
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 slipped sharply as the index failed to move beyond the 21 EMA, leading to significant profit booking in the market. On the daily chart, a bearish engulfing pattern has formed, indicating weak market sentiment. This sentiment may worsen if the Nifty decisively sustains below 24,200. On the higher end, the 24,500-24,550 range may act as resistance."
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