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12-11-2024 05:18 PM | Source: LKP Securities Ltd
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities
News By Tags | #Sensex #ExpertViews #MarketOutlook #Nifty #BankNifty #LKPSecuritiesLtd #RupakDe

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

 

"The Nifty slipped from its recent consolidation on the daily chart, indicating growing pessimism in the market. The index has been holding below key short-term moving averages, specifically the 21-EMA and 50-EMA, further weakening sentiment. The daily RSI is declining, accompanied by a bearish crossover. In the short term, the index may move towards the 23,600–23,650 range, while resistance on the higher end is seen at 24,000."

 

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