2024-11-12 05:18:07 pm | Source: LKP Securities Ltd
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities
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."
Above views are of the author and not of the website kindly read disclaimer
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
Quote on Defence Manufacturing by Mr Jaikaran Chando...
Sell Orient CementLtd For Target Rs. 225 By Elara Ca...
Quote On Union Budget 2025 By Dr. Anish Shah, Group ...
GST collections clock 12.3 per cent growth at Rs 1.9...
SBICAPS Budget Review FY2025-26 : Capitalising on Co...
Budget Day Input on MSME, Startup, DeepTech Fund and...
Noida entrepreneurs hail Union Budget 2025, highligh...
Quote On FDI investment in India By Tarun Chugh, MD...
Accumulate Atul Ltd For Target Rs. 7,129 By Elara Ca...
Consumption Bonanza ? Delivering Growing Aspirations...
