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

2024-11-19 04:47:05 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 remained volatile throughout the session due to a sudden spike in geopolitical tensions between Russia and Ukraine, causing the index to fall below its 200-day moving average (DMA) once again. On the technical front, the Nifty managed to hold above its recent low, indicating a potential bullish reversal as long as it does not breach the 23,350 level. Conversely, if the index sustains above the 23,500 level, it could move toward the 23,700–23,800 zone."

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

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