2025-04-01 04:22:13 pm | Source: LKP securities Ltd
Quote on Nifty from Rupak De, Senior Technical Analyst at LKP Securities
Below the Quote on Nifty from Rupak De, Senior Technical Analyst at LKP Securities
"The index has experienced a sharp decline, approaching the 50EMA on the daily chart. This drop follows a recent phase of consolidation, signaling a weakening sentiment. However, in the near term, the 50EMA support could play a crucial role in stabilizing the market. If this level holds, we may see a recovery.
That said, a decisive breakdown below 23,115 could trigger a deeper correction. On the upside, resistance is observed at 23,250—a breakout above this level could reignite bullish momentum in the market."
That said, a decisive breakdown below 23,115 could trigger a deeper correction. On the upside, resistance is observed at 23,250—a breakout above this level could reignite bullish momentum in the market."
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
Government signs Rs 5,083 crore deals to acquire he...
India`s steel sector aims to reach 300 million tonne...
Gujarat`s `Miracle Boy`boosts dairy yields with reco...
India can play key role as world`s manufacturing par...
`Farmers step onto global stage`: CM Himanta Biswa S...
India`s cleantech hiring surges 56 pc in last 2 years
Silver Update as 03rd March 2026 by Amit Gupta, Kedi...
Adani Group`s $100 billion plan for renewable-powere...
UIDAI completes Aadhaar biometric updates for 1.2 cr...
Canada bets big on India`s growth by crucial $2.6 bi...
