Quote on Nifty from Rupak De, Senior Technical Analyst at LKP Securities

2025-02-08 04:31:48 pm | Source: LKP Securities Ltd

Quote on Nifty from Rupak De, Senior Technical Analyst at LKP Securities

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

"The Nifty remained volatile as the RBI Governor announced the monetary policy. However, the volatility did not push the index below the 21 EMA on the daily timeframe, signifying a positive short-term trend. The trend is likely to remain positive as long as the index stays above 23,450. On the higher end, resistance is placed at 23,700. A decisive move above 23,700 could lead to a rally toward 24,050."

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Quote on Nifty from Rupak De, Senior Technical Analyst at LKP Securities

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