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."
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