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

2025-04-01 04:22:13 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 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."

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

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