Quote on Nifty by Vatsal Bhuva, Technical Analyst at LKP Securities
Below the Quote on Nifty by Vatsal Bhuva, Technical Analyst at LKP Securities
"The Nifty index continues to trade within a narrow range of 24,200 to 25,500, with firm support at the 24,200–24,250 zone and resistance around 24,500–24,550. While a decisive breakout above 24,550 could spark bullish momentum towards 25,000, Monday’s small-bodied candlestick suggests that short-term consolidation may persist. The index is holding above its rising 10-day EMA, reflecting a positive near-term trend. With the RSI in a bullish crossover, underlying strength remains intact. The outlook stays bullish as long as Nifty sustains above 24,200, though a strong close above 24,550 is essential for confirmation."
Above views are of the author and not of the website kindly read disclaimer
Tag News
Stock Insights : AstraZeneca Ltd , Cipla Ltd , NLC?India Ltd, Rail?Vikas?Nigam Ltd, Samvardh...
