Quote on Nifty from LKP Securities 24th October 2026 by Vatsal Bhuva, Technical Analyst at LKP Securities

2026-10-24 05:26:10 pm | Source: LKP Securities Ltd

Quote on Nifty from LKP Securities 24th October 2026 by Vatsal Bhuva, Technical Analyst at LKP Securities

News By Tags | #Sensex #ExpertViews #MarketOutlook #Nifty #BankNifty #LKPSecuritiesLtd #VatsalBhuva

Below the Quote on Nifty from LKP Securities 24th October 2026 by Vatsal Bhuva, Technical Analyst at LKP Securities

"Nifty has broken below its 200-WMA on the weekly chart and 20-DMA on the daily chart, weakening the overall market structure. The lower-high formation remains intact, indicating that the recent upmove was merely a pullback or relief rally. A hidden bearish divergence on the RSI further signals the possibility of downtrend continuation. The 22,200 level remains a crucial support; a decisive breakdown could trigger another leg of selling. Immediate support is placed at 22500, while resistance lies at 22,700–22,80

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

IGI Logo

Quote on Nifty from LKP Securities 24th October 2026 by Vatsal Bhuva, Technical Analyst at LKP Securities

Top News

Tag News

More News