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Quote on Nifty : The Nifty displayed strength, primarily driven by strong demand for large-cap stocks Says Rupak De, LKP Securities Below Quote on Nifty 08 September 2023 By Rupak De, Senior Technical Analyst at LKP Securities The Nifty displayed strength, primarily driven by strong demand for large-cap stocks. The overall trend remained robust as the index consistently stayed above a critical moving average. However, a significant hurdle for the Nifty came in the form of substantial Call writing at the 19900 strike price. Looking ahead, only a decisive move above the 19900 level has the potent...
Quote on Nifty : The Nifty displayed strength, primarily driven by strong demand for large-cap stocks Says Rupak De, LKP Securities
Quote on Nifty : The Nifty displayed strength, primarily driven by strong demand for large-cap stocks Says Rupak De, LKP Securities
Source: LKP Securities
8/09/2023 5:39:18 PM
Quote on Nifty : The sentiment remains positive as long as the index sustains above 19,550 Says Rupak De, LKP Securities Below Quote on Nifty 07 September 2023 By Rupak De, Senior Technical Analyst at LKP Securities "The bulls were able to push Nifty higher following a range-bound trading period in the preceding few days. The sentiment remains positive as long as the index sustains above 19,550. On the higher end, gains may extend to the range of 19,900 to 20,000 in the near term, provided that bullishness in the market continues to increase."   Above views are o...
Quote on Nifty : The sentiment remains positive as long as the index sustains above 19,550 Says Rupak De, LKP Securities
Quote on Nifty : The sentiment remains positive as long as the index sustains above 19,550 Says Rupak De, LKP Securities
Source: LKP Securities
7/09/2023 5:01:29 PM
Quote on Nifty : Nifty may target levels of 19750 or even 20000 Says Rupak De, LKP Securities Below Quote on Nifty 06 September 2023 By Rupak De, Senior Technical Analyst at LKP Securities "Nifty exhibited volatility but achieved a significant milestone by closing above 19600 for the first time in a while. The bullish crossover of the 21EMA and 55EMA has persisted, signaling an ongoing bullish trend. Additionally, a bullish crossover in the RSI highlights the index's strength. In the short term, Nifty may target levels of 19750 or even 20000. On th...
Quote on Nifty : Nifty may target levels of 19750 or even 20000 Says Rupak De, LKP Securities
Quote on Nifty : Nifty may target levels of 19750 or even 20000 Says Rupak De, LKP Securities
Source: LKP Securities
6/09/2023 5:44:18 PM
Quote on Bank Nifty : In the short term, the index is expected to decline towards 44000 Say`s Rupak De, at LKP Securities Below Quote on Bank Nifty 06 September 2023 from Rupak De, Senior Technical analyst at LKP Securities: "The banking sector witnessed choppy trading as traders struggled to find direction, resulting in heightened volatility for the Bank Nifty index. The prevailing sentiment leans towards a negative-to-sideways bias, with the index closing below a crucial moving average. The RSI is on the verge of forming a bearish crossover, indicating potential weakness. In the short te...
Quote on Bank Nifty : In the short term, the index is expected to decline towards 44000 Say`s Rupak De, at LKP Securities
Quote on Bank Nifty : In the short term, the index is expected to decline towards 44000 Say`s Rupak De, at LKP Securities
Source: LKP Securities
6/09/2023 5:41:06 PM
Quote on Nifty :The trend will remain favorable as long as the bulls can maintain Nifty above 19,440 Says Rupak De, LKP Securities Below Quote on Nifty 05 September 2023 By Rupak De, Senior Technical Analyst at LKP Securities "Nifty has sustained a breakout from a descending channel on the daily chart. The trend will remain favorable as long as the bulls can maintain Nifty above 19,440. A "buy on dips" strategy should be the preferred approach until Nifty falls below 19,440. Resistance on the upper end is positioned at 19,600, and if breached, the index could potentially move higher....
Quote on Nifty :The trend will remain favorable as long as the bulls can maintain Nifty above 19,440 Says Rupak De, LKP Securities
Quote on Nifty :The trend will remain favorable as long as the bulls can maintain Nifty above 19,440 Says Rupak De, LKP Securities
Source: LKP Securities Ltd
5/09/2023 5:16:35 PM
Quote on Nifty : The trend is expected to stay positive as long as it remains above 19,525 Says Rupak De, LKP Securities Below Quote on Nifty 04 September 2023 By Rupak De, Senior Technical Analyst at LKP Securities "Nifty continues to stay in the bullish territory as the index has maintained its position above the channel breakout level. The trend is expected to stay positive as long as it remains above 19,525. On the upside, the index could potentially extend its gains towards 19,750. Conversely, if it falls below 19,400, we may witness a period of consolidation." &nbs...
Quote on Nifty : The trend is expected to stay positive as long as it remains above 19,525 Says Rupak De, LKP Securities
Quote on Nifty : The trend is expected to stay positive as long as it remains above 19,525 Says Rupak De, LKP Securities
Source: LKP Securities Ltd
4/09/2023 5:11:57 PM
Market sentiments this week to be driven by global cues In the absence of any major triggers from the domestic market, sentiments will be driven by global cues, including the release of US payroll and PMI data, says Vinod Nair, Head of Research at Geojit Financial Services. The domestic market witnessed a significant rally at the end of the week, driven by higher-than-expected domestic manufacturing PMI and positive GDP growth data, reflecting a robust economic outlook, he said. Favourable global cues also played a role in this upturn. Notab...
Market sentiments this week to be driven by global cues
Market sentiments this week to be driven by global cues
Source: IANS
3/09/2023 11:58:21 AM
Quote on Nifty : the index has broken out of a falling channel, further indicating increasing bullish sentiment Says Rupak De, LKP Securities Below Quote on Nifty 01 September 2023 By Rupak De, Senior Technical Analyst at LKP Securities "Nifty has started the September series on a bullish note, as the index has moved above the 21EMA for the first time in several days. This suggests the potential for a bullish reversal. Additionally, the index has broken out of a falling channel, further indicating increasing bullish sentiment. Looking at the higher end of the spectrum, there is now a resistance leve...
Quote on Nifty : the index has broken out of a falling channel, further indicating increasing bullish sentiment Says Rupak De, LKP Securities
Quote on Nifty : the index has broken out of a falling channel, further indicating increasing bullish sentiment Says Rupak De, LKP Securities
Source: LKP Securities
1/09/2023 4:34:56 PM
Quote on Nifty : The index remained sideways throughout the day before closing with a Doji formation Says Rupak De, LKP Securities Below View on Nifty 28 August 2023 By Rupak De, Senior Technical Analyst at LKP Securities "The index remained sideways throughout the day before closing with a Doji formation. Although the trend remains weak, the failure to fall below 19245 on a closing basis may lead to a short-term pullback in the market. The RSI has shown a bullish crossover. Support is positioned at 19245; a decisive breach below this level could attract significant selling pressure. On the hi...
Quote on Nifty : The index remained sideways throughout the day before closing with a Doji formation Says Rupak De, LKP Securities
Quote on Nifty : The index remained sideways throughout the day before closing with a Doji formation Says Rupak De, LKP Securities
Source: LKP Securities
28/08/2023 4:54:28 PM
Short term trend of Nifty continues to be negative, say analysts The short term trend of Nifty continues to be negative and there is a possibility of some more weakness in the coming sessions, says Nagaraj Shetti, Technical Research Analyst, HDFC Securities. However, a sizable upside bounce from the important lower support of 19K mark can't be ruled out in the near term. Immediate resistance is placed at 19,380 levels, he said. Rupak De, Senior Technical analyst at LKP Securities said the Nifty index has declined to a significant moving average (...
Short term trend of Nifty continues to be negative, say analysts
Short term trend of Nifty continues to be negative, say analysts
Source: IANS
27/08/2023 12:31:12 PM
Quote on Nifty : On the upper side, resistance is expected to persist in the range of 19450-19500 Says Rupak De, LKP Securities Below Quote on Nifty 24 August 2023 By Rupak De, Senior Technical Analyst at LKP Securities "The Nifty remained under the bear's grip as selling pressure emerged around the day's high, resulting in a decline below 19500. On the upper side, resistance is expected to persist in the range of 19450-19500. A definitive breakout or a closing above 19500 could potentially trigger a rally in the index. On the lower side, there is immediate support at 19300; a ...
Quote on Nifty : On the upper side, resistance is expected to persist in the range of 19450-19500 Says Rupak De, LKP Securities
Quote on Nifty : On the upper side, resistance is expected to persist in the range of 19450-19500 Says Rupak De, LKP Securities
Source: LKP Securities
24/08/2023 4:39:59 PM
Quote on Nifty : The Nifty continues to trade within the broader range of 19,300 and 19,500 Says Rupak De, LKP Securities Below Quote on Nifty 23 August 2023 By Rupak De, Senior Technical Analyst at LKP Securities "The Nifty continues to trade within the broader range of 19,300 and 19,500. On the daily timeframe, the headline Nifty index has been fluctuating between the boundaries set by the 21-day Exponential Moving Average (EMA) at 19,471 and the 50-day EMA at 19,281. Looking ahead, the Nifty is likely to maintain this range bound movement as long as it remains within these est...
Quote on Nifty : The Nifty continues to trade within the broader range of 19,300 and 19,500 Says Rupak De, LKP Securities
Quote on Nifty : The Nifty continues to trade within the broader range of 19,300 and 19,500 Says Rupak De, LKP Securities
Source: LKP Securities
23/08/2023 5:16:06 PM
Quote on Bank Nifty : Bank Nifty displayed continued weakness after an initially positive opening Say`s Rupak De, at LKP Securities Below Quote on Bank Nifty 22 August 2023 from Rupak De, Senior Technical analyst at LKP Securities: "Bank Nifty displayed continued weakness after an initially positive opening. The daily Relative Strength Index (RSI) has entered into a bearish crossover pattern. On the downside, there's a possibility of a decline towards the 43800 mark; breaching this level could lead to a further drop towards 43500. Conversely, the upper end is met with resistance around 44200.&qu...
Quote on Bank Nifty : Bank Nifty displayed continued weakness after an initially positive opening Say`s Rupak De, at LKP Securities
Quote on Bank Nifty : Bank Nifty displayed continued weakness after an initially positive opening Say`s Rupak De, at LKP Securities
Source: LKP Securities
22/08/2023 5:21:01 PM
Quote on Nifty : Throughout the day, the Nifty index exhibited a distinct lack of movement Says Rupak De, LKP Securities Below Quote on Nifty 22 August 2023 By Rupak De, Senior Technical Analyst at LKP Securities "Throughout the day, the Nifty index exhibited a distinct lack of movement, with traders uncertain about the market's upcoming trajectory. Notably, there is a noticeable resistance observed at the 21-day Exponential Moving Average (EMA) on the chart's upper spectrum. The prevailing sentiment appears feeble, given that the index is positioned beneath the crucial ...
Quote on Nifty : Throughout the day, the Nifty index exhibited a distinct lack of movement Says Rupak De, LKP Securities
Quote on Nifty : Throughout the day, the Nifty index exhibited a distinct lack of movement Says Rupak De, LKP Securities
Source: LKP Securities
22/08/2023 5:17:45 PM
Quote on Nifty : The Nifty index exhibited a positive tone as it maintained levels above the crucial support point of 19250 Says Rupak De, LKP Securities Below View on Nifty 21 August 2023 By Rupak De, Senior Technical Analyst at LKP Securities "The Nifty index exhibited a positive tone as it maintained levels above the crucial support point of 19250. A breach below this level could potentially spark unease within the market, causing concerns among investors. However, as long as the index holds above the 19250 mark, there is a potential upward trajectory towards the 19500 level. A confident breakthrough above 19500 ...
Quote on Nifty : The Nifty index exhibited a positive tone as it maintained levels above the crucial support point of 19250 Says Rupak De, LKP Securities
Quote on Nifty : The Nifty index exhibited a positive tone as it maintained levels above the crucial support point of 19250 Says Rupak De, LKP Securities
Source: LKP Securities
21/08/2023 4:41:40 PM
Domestic as well as global markets expected to remain under pressure for week Investor sentiment remains subdued due to the high volatility of the global currency market, leading to a high depreciation of EM currencies, which affects the performance of equities, says Vinod Nair, Head of Research at Geojit Financial services. Indian indices encountered a week of vulnerability due to adverse global and domestic cues, accompanied by a shift towards safer assets by investors like the US dollar. Discouraging domestic industrial production, negative wholesale inflation...
Domestic as well as global markets expected to remain under pressure for week
Domestic as well as global markets expected to remain under pressure for week
Source: IANS
20/08/2023 2:47:21 PM
Quote on Nifty : On the higher end, resistance was placed at 19500 Says Rupak De, LKP Securities Below View on Nifty 18 August 2023 By Rupak De, Senior Technical Analyst at LKP Securities "The index has consistently remained below its 21-day Exponential Moving Average (EMA), a sign that underscores the prevalence of a bearish trend. On the lower end, support is placed at 19250. A fall below 19250, may trigger a correction towards 19000 and lower. On the higher end, resistance was placed at 19500."   Above views are of the author and not of the ...
Quote on Nifty : On the higher end, resistance was placed at 19500 Says Rupak De, LKP Securities
Quote on Nifty : On the higher end, resistance was placed at 19500 Says Rupak De, LKP Securities
Source: LKP Securities
18/08/2023 4:56:46 PM
Quote on Nifty : The Nifty index displayed volatility throughout the session due to the expiration of weekly options Says Rupak De, LKP Securities Below View on Nifty 17 August 2023 By Rupak De, Senior Technical Analyst at LKP Securities   "The Nifty index displayed volatility throughout the session due to the expiration of weekly options. The prevailing sentiment stays negative as the index continues to stay below the crucial moving average. Looking at the upper range, the sell-on-rise approach might be more effective as long as the level of 19525 remains unbroken. On the downside, levels around 1925...
Quote on Nifty : The Nifty index displayed volatility throughout the session due to the expiration of weekly options Says Rupak De, LKP Securities
Quote on Nifty : The Nifty index displayed volatility throughout the session due to the expiration of weekly options Says Rupak De, LKP Securities
Source: LKP Securities Ltd
17/08/2023 4:53:30 PM
Quote on Nifty : Nifty bounced back from the lowest point of the day Says Rupak De, LKP Securities Below Quote on Nifty 16 August 2023 By Rupak De, Senior Technical Analyst at LKP Securities "Nifty bounced back from the lowest point of the day. Nevertheless, the short-term outlook remains feeble, given that the index concluded the session below the vital short-term moving average (21EMA). The Relative Strength Index (RSI) shows a bearish crossover, further amplifying the pessimistic sentiment. The prevailing trend will continue to lack strength as long as i...
Quote on Nifty : Nifty bounced back from the lowest point of the day Says Rupak De, LKP Securities
Quote on Nifty : Nifty bounced back from the lowest point of the day Says Rupak De, LKP Securities
Source: LKP Securities Ltd
16/08/2023 5:21:37 PM
Quote on Bank Nifty : The recent Bank Nifty closing formed a doji candlestick pattern on the daily chart Say`s Rupak De, at LKP Securities Below Quote on Bank Nifty 14 August 2023 from Rupak De, Senior Technical analyst at LKP Securities: The recent Bank Nifty closing formed a doji candlestick pattern on the daily chart. Support at 43800 signifies its resilience, while substantial put writing at 44000 suggests confidence in its stability. However, call writing at 44500 could hinder upward movement. A "sell on rise" strategy might be prudent until a clear breakout above 44500 resistance is observed, as...
Quote on Bank Nifty : The recent Bank Nifty closing formed a doji candlestick pattern on the daily chart Say`s Rupak De, at LKP Securities
Quote on Bank Nifty : The recent Bank Nifty closing formed a doji candlestick pattern on the daily chart Say`s Rupak De, at LKP Securities
Source: LKP Securities Ltd
14/08/2023 6:10:22 PM
Quote on Nifty : The Nifty index displayed volatility throughout the trading session Says Rupak De, LKP Securities Below View on Nifty 14 August 2023 By Rupak De, Senior Technical Analyst at LKP Securities The Nifty index displayed volatility throughout the trading session, before ending the day with minimal change. On the daily chart, it's evident that the index received support at the 50EMA, leading to a notable intraday rebound. However, the RSI on the daily chart demonstrated a bearish crossover, with its value dropping below 50. This could be indicative of a weakening trend. If ...
Quote on Nifty : The Nifty index displayed volatility throughout the trading session Says Rupak De, LKP Securities
Quote on Nifty : The Nifty index displayed volatility throughout the trading session Says Rupak De, LKP Securities
Source: LKP Securities Ltd
14/08/2023 6:01:30 PM
Investors to monitor CPI data for July projected to show significant increase Amid rising inflation concerns, investors are closely monitoring the domestic CPI data for July, which is projected to show a significant increase due to rising food prices, says Vinod Nair, Head of Research at Geojit Financial Services. The Indian market experienced bearishness during the week that focused on economic data as inflation concerns dented domestic sentiments., he said. The week began with moderate gains, led by strong performances in the pharma and IT sectors. However, unc...
Investors to monitor CPI data for July projected to show significant increase
Investors to monitor CPI data for July projected to show significant increase
Source: IANS
13/08/2023 3:58:44 PM
Quote on Nifty : In the short term, there's a possibility that the index might decline towards the 19300 level Says Rupak De, LKP Securities Below View on Bank Nifty 11 August 2023 By Rupak De, Senior Technical Analyst at LKP Securities     Aside from the first hour, the Nifty remained predominantly rangebound, with the benchmark index slipping below 19500. However, it did not experience a significant correction as traders chose to stay on the sidelines due to the upcoming holidays. From a technical standpoint, the Nifty continues to exhibit a bearish trend as it remains below the 21-day Exponenti...
Quote on Nifty : In the short term, there's a possibility that the index might decline towards the 19300 level Says Rupak De, LKP Securities
Quote on Nifty : In the short term, there's a possibility that the index might decline towards the 19300 level Says Rupak De, LKP Securities
Source: LKP Securities Ltd
11/08/2023 4:45:30 PM
Quote on Nifty : A substantial resistance is evident at the 45000 mark Says Rupak De, LKP Securities Below View on Nifty 10 August 2023 By Rupak De, Senior Technical Analyst at LKP Securities   After the RBI policy, the Bank Nifty index encountered significant selling pressure, leading to a challenging situation.A substantial resistance is evident at the 45000 mark. Breaking through this resistance level could be demanding due to the prevailing selling pressure.Support can be identified around the 44400 level. A drop below this support could further empower the bear...
Quote on Nifty : A substantial resistance is evident at the 45000 mark Says Rupak De, LKP Securities
Quote on Nifty : A substantial resistance is evident at the 45000 mark Says Rupak De, LKP Securities
Source: LKP Securities Ltd
10/08/2023 4:55:30 PM
Quote on Nifty : The Nifty index displayed volatility but managed to close above the significant 21EMA moving average Says Rupak De, LKP Securities Below View on Bank Nifty 08 August 2023 By Rupak De, Senior Technical Analyst at LKP Securities   The Nifty index displayed volatility but managed to close above the significant 21EMA moving average and maintained support above 19500 points. A positive trend is anticipated as long as the index holds above 19500, with resistance at 19700 and potential for a rally towards 20000.   Above views are of the author and not of the website kindly read disclaimer
Quote on Nifty : The Nifty index displayed volatility but managed to close above the significant 21EMA moving average Says Rupak De, LKP Securities
Quote on Nifty : The Nifty index displayed volatility but managed to close above the significant 21EMA moving average Says Rupak De, LKP Securities
Source: LKP Securities Ltd
8/08/2023 5:45:23 PM
Quote on Nifty : The Nifty index demonstrated resilience as it predominantly remained strong Says Rupak De, LKP Securities Below View on Bank Nifty 04 August 2023 By Rupak De, Senior Technical Analyst at LKP Securities The Nifty index demonstrated resilience as it predominantly remained strong, reclaiming its position above the 21-day Exponential Moving Average (21EMA) after a brief dip below this critical average. Going forward, the level of 19500 is expected to serve as immediate crucial support. The market's upward momentum is likely to persist as long as the Nifty maintains its position ...
Quote on Nifty : The Nifty index demonstrated resilience as it predominantly remained strong Says Rupak De, LKP Securities
Quote on Nifty : The Nifty index demonstrated resilience as it predominantly remained strong Says Rupak De, LKP Securities
Source: LKP Securities Ltd
7/08/2023 5:16:12 PM
Quote on Nifty : The sentiment is likely to remain weak as long as the Nifty remains below 19,566 Says Rupak De, LKP Securities Below View on Bank Nifty 04 August 2023 By Rupak De, Senior Technical Analyst at LKP Securities Nifty fell sharply following the downgrading of the US credit rating from AAA to AA+, leading to a breakdown from the recent consolidation on the daily timeframe. The recent fall has pulled the index below the 21-day exponential moving average (EMA) for the first time since March 29.  On an immediate basis, 19,300 has acted as support. However, on the higher end, 19,566 is li...
Quote on Nifty : The sentiment is likely to remain weak as long as the Nifty remains below 19,566 Says Rupak De, LKP Securities
Quote on Nifty : The sentiment is likely to remain weak as long as the Nifty remains below 19,566 Says Rupak De, LKP Securities
Source: LKP Securities Ltd
4/08/2023 5:38:29 PM
Quote on Nifty : Nifty slipped further as the bears continued to remain at the helm Says Rupak De, LKP Securities Below View on Bank Nifty 03 August 2023 By Rupak De, Senior Technical Analyst at LKP Securities Nifty slipped further as the bears continued to remain at the helm. The index fell sharply following a breakdown below 19500 However, 19300 acted as support on a sustained basis for the day. Going forward, 19300 may act as crucial support, while, on the higher end resistance is seen at 19500/19650.   Above views are of the author and not of the website kindly read discl...
Quote on Nifty : Nifty slipped further as the bears continued to remain at the helm Says Rupak De, LKP Securities
Quote on Nifty : Nifty slipped further as the bears continued to remain at the helm Says Rupak De, LKP Securities
Source: LKP Securities Ltd
3/08/2023 6:21:28 PM
Quote on Nifty : Nifty`s recent slip below its consolidation indicates a bearish sentiment Says Rupak De, LKP Securities Below View on Nifty 02 August 2023 By Rupak De, Senior Technical Analyst at LKP Securities   Nifty's recent slip below its consolidation indicates a bearish sentiment. The index has also dropped below the 21EMA, reinforcing the bearish outlook. The RSI is signaling a bearish momentum for the future. On the downside, support is observed at 19500, a decisive fall below 19500 may create further negativity; while resistance is seen at 19600.   Above views are o...
Quote on Nifty : Nifty`s recent slip below its consolidation indicates a bearish sentiment Says Rupak De, LKP Securities
Quote on Nifty : Nifty`s recent slip below its consolidation indicates a bearish sentiment Says Rupak De, LKP Securities
Source: LKP Securities
2/08/2023 6:02:07 PM
Quote on Nifty : Nifty traded in a narrow range of 19700-19800 Says Rupak De, LKP Securities Below View on Bank Nifty 01 August 2023 By Rupak De, Senior Technical Analyst at LKP Securities Nifty traded in a narrow range of 19700-19800, maintaining its overall bullish sentiment. It stayed above the critical near-term moving average (21EMA), reinforcing the positive outlook. A hidden positive divergence on the daily chart indicates a potential bullish reversal in price momentum. Short-term prospects suggest a sideways to positive trend if the index stays above 18550. ...
Quote on Nifty : Nifty traded in a narrow range of 19700-19800 Says Rupak De, LKP Securities
Quote on Nifty : Nifty traded in a narrow range of 19700-19800 Says Rupak De, LKP Securities
Source: LKP Securities Ltd
1/08/2023 5:37:05 PM
Quote on Nifty : The Nifty index showed a positive trend with a green candle on the daily chart Says Rupak De, LKP Securities Below View on Bank Nifty 31 July 2023 By Rupak De, Senior Technical Analyst at LKP Securities The Nifty index showed a positive trend with a green candle on the daily chart, indicating a potential comeback by the bulls. The short-term trend remains positive as Nifty found support at the 21EMA in the previous session. However, the RSI is currently in a bearish crossover, suggesting a potential downside. The lower end support is at 19700, while resistance is at 19800. A decisi...
Quote on Nifty : The Nifty index showed a positive trend with a green candle on the daily chart Says Rupak De, LKP Securities
Quote on Nifty : The Nifty index showed a positive trend with a green candle on the daily chart Says Rupak De, LKP Securities
Source: LKP Securities Ltd
31/07/2023 5:21:12 PM
Quote on Nifty : Nifty remained range bound for the day, while finding a support at 21 EMA Says Rupak De, LKP Securities Below View on Bank Nifty 28 July 2023 By Rupak De, Senior Technical Analyst at LKP Securities Nifty remained range bound for the day, while finding a support at 21 EMA.  From the current level until the Nifty breaks below 19550 no directional down move is expected or the market may not favour aggressive shorts. On the other side, below 19550 the index may fall towards 19300. Resistance on the higher end is placed at 19700.   Above views are of the author and ...
Quote on Nifty : Nifty remained range bound for the day, while finding a support at 21 EMA Says Rupak De, LKP Securities
Quote on Nifty : Nifty remained range bound for the day, while finding a support at 21 EMA Says Rupak De, LKP Securities
Source: LKP Securities Ltd
28/07/2023 4:48:11 PM
Quote on Nifty : Nifty showed limited movement as investors awaited the Federal Reserve`s rate decision Says Rupak De, LKP Securities Below View on Bank Nifty 26 July 2023 By Rupak De, Senior Technical Analyst at LKP Securities Throughout the trading session, Nifty showed limited movement as investors awaited the Federal Reserve's rate decision. It found support at the 9EMA when on the lower end of the range. The daily chart indicated a downward consolidation breakout, suggesting potential downward momentum. The RSI confirmed this sentiment with a bearish crossover. Key support was identified at 19700,...
Quote on Nifty : Nifty showed limited movement as investors awaited the Federal Reserve`s rate decision Says Rupak De, LKP Securities
Quote on Nifty : Nifty showed limited movement as investors awaited the Federal Reserve`s rate decision Says Rupak De, LKP Securities
Source: LKP Securities Ltd
26/07/2023 5:40:09 PM
Quote on Nifty : Throughout the day, Nifty traded within a narrow range Says Rupak De, LKP Securities Below View on Bank Nifty 24 July 2023 By Rupak De, Senior Technical Analyst at LKP Securities Throughout the day, Nifty traded within a narrow range. However, the daily chart indicates a downward consolidation, with the price falling below the rising trend-line. The RSI shows a bearish crossover. Notably, the support level at 19550 is crucial, and if breached, the index could further decline towards 19300. Conversely, resistance is positioned at 19800 on the higher side. ...
Quote on Nifty : Throughout the day, Nifty traded within a narrow range Says Rupak De, LKP Securities
Quote on Nifty : Throughout the day, Nifty traded within a narrow range Says Rupak De, LKP Securities
Source: LKP Securities Ltd
25/07/2023 5:21:50 PM
Quote on Nifty : The market trend remains positive as the index stays above the moving average Say`s Rupak De, at LKP Securities Below Quote on Nifty 19 July 2023 from Rupak De, Senior Technical analyst at LKP Securities Indian equities saw another day of gains with the headline index holding strong amidst volatile trading. The market trend remains positive as the index stays above the moving average. Support is found at 19700, while resistance is expected between 18900 and 20000 levels.   Above views are of the author and not of the website kindly read disclaimer
Quote on Nifty : The market trend remains positive as the index stays above the moving average Say`s Rupak De, at LKP Securities
Quote on Nifty : The market trend remains positive as the index stays above the moving average Say`s Rupak De, at LKP Securities
Source: LKP Securities Ltd
19/07/2023 4:44:57 PM
Quote on Nifty : The RSI is showing a bullish crossover, suggesting further upward movement Says Rupak De, LKP Securities Below View on Bank Nifty 18 July 2023 By Rupak De, Senior Technical Analyst at LKP Securities The Nifty registered a new record high driven by the performance of the IT sector, large banks, and Reliance Industries. The daily chart shows a breakout from a consolidation phase, indicating positive change. The RSI is showing a bullish crossover, suggesting further upward movement. The immediate resistance for the index is expected around 19725-19750, while support is positioned ...
Quote on Nifty : The RSI is showing a bullish crossover, suggesting further upward movement Says Rupak De, LKP Securities
Quote on Nifty : The RSI is showing a bullish crossover, suggesting further upward movement Says Rupak De, LKP Securities
Source: LKP Securities Ltd
17/07/2023 5:26:31 PM
Bank Nifty is facing significant resistance at 45000, hindering its upward movement Says Rupak De, LKP Securities Below View on Bank Nifty 14 July 2023 By Rupak De, Senior Technical Analyst at LKP Securities Bank Nifty is facing significant resistance at 45000, hindering its upward movement. As long as it remains below this level, a clear directional up move is unlikely. Support is established at 44700 on the lower end. The bullish crossover on the momentum indicator RSI suggests positive momentum. Going forward, the index may continue to consolidate with the bands of 44500-45000; any d...
Bank Nifty is facing significant resistance at 45000, hindering its upward movement Says Rupak De, LKP Securities
Bank Nifty is facing significant resistance at 45000, hindering its upward movement Says Rupak De, LKP Securities
Source: LKP Securities Ltd
14/07/2023 5:17:28 PM
Quote on Nifty : The Nifty index`s break above the consolidation range of 19300-19500 Says Rupak De, LKP Securities Below View on Bank Nifty 12 July 2023 By Rupak De, Senior Technical Analyst at LKP Securities The Nifty index's break above the consolidation range of 19300-19500 suggests increasing optimism in the market. The resistance at 19500, which was heavily built by Call writers, has been surpassed on a closing basis. This breakthrough is expected to lead to a significant rally as the Call writers unwind their positions. The bullish crossover on the momentum indicator RSI reinfo...
Quote on Nifty : The Nifty index`s break above the consolidation range of 19300-19500 Says Rupak De, LKP Securities
Quote on Nifty : The Nifty index`s break above the consolidation range of 19300-19500 Says Rupak De, LKP Securities
Source: LKP Securities Ltd
14/07/2023 5:09:36 PM
Quote on Nifty : upport is expected at 19300, while resistance is seen at 19600 Says Rupak De, LKP Securities Below View on Bank Nifty 13 July 2023 By Rupak De, Senior Technical Analyst at LKP Securities   The Nifty reached a new record high of 19567 but couldn't hold on due to selling pressure, resulting in a significant decline by the end of the day. It exhibited high volatility throughout. The daily Relative Strength Index (RSI) indicated a bearish crossover. Currently, the trend appears to be sideways in the short term. Support is expected at 19300, while resistance ...
Quote on Nifty : upport is expected at 19300, while resistance is seen at 19600 Says Rupak De, LKP Securities
Quote on Nifty : upport is expected at 19300, while resistance is seen at 19600 Says Rupak De, LKP Securities
Source: LKP Securities Ltd
13/07/2023 6:01:25 PM
Quote on Nifty : A decisive move above 19500 might lead the writers to unwind their positions Says Rupak De, LKP Securities Below View on Bank Nifty 12 July 2023 By Rupak De, Senior Technical Analyst at LKP Securities   The daily chart has formed a bearish engulfing pattern, indicating a potential reversal in the market. Despite this bearish signal, the overall trend remains positive as long as the price stays above the support level at 19300. It is a level (19300) where Put writers have maintained a heavy positions, meaning that if the price drops below this level, it could indicate furt...
Quote on Nifty : A decisive move above 19500 might lead the writers to unwind their positions Says Rupak De, LKP Securities
Quote on Nifty : A decisive move above 19500 might lead the writers to unwind their positions Says Rupak De, LKP Securities
Source: LKP Securities Ltd
12/07/2023 4:50:04 PM
Quote on Nifty : Despite this, the bulls managed to defend the support level of 19300 Says Rupak De, LKP Securities Below View on Bank Nifty 10 July 2023 By Rupak De, Senior Technical Analyst at LKP Securities   On the given day, the Nifty, experienced a range-bound trading pattern. Despite this, the bulls managed to defend the support level of 19300, preventing a significant decline. However, the hourly RSI indicated a bearish crossover. This suggests a potential shift towards a downward trend. If the support level of 19300 is breached, a correction in the market may be expected....
Quote on Nifty : Despite this, the bulls managed to defend the support level of 19300 Says Rupak De, LKP Securities
Quote on Nifty : Despite this, the bulls managed to defend the support level of 19300 Says Rupak De, LKP Securities
Source: LKP Securities Ltd 
10/07/2023 4:43:11 PM
Quote on Nifty :The Nifty experienced a significant decline after failing to maintain its position above 19500 Says Rupak De, LKP Securities Below View on Bank Nifty 07 July 2023 By Rupak De, Senior Technical Analyst at LKP Securities   The Nifty experienced a significant decline after failing to maintain its position above 19500. This drop led to the index falling below the 21EMA on the hourly chart, indicating an increasing bearish sentiment in the market. Furthermore, the hourly RSI has shown a bearish crossover, adding to the negative outlook. The immediate support level is identified at 19300, while ...
Quote on Nifty :The Nifty experienced a significant decline after failing to maintain its position above 19500 Says Rupak De, LKP Securities
Quote on Nifty :The Nifty experienced a significant decline after failing to maintain its position above 19500 Says Rupak De, LKP Securities
Source: LKP Securities Ltd
7/07/2023 4:09:44 PM
Quote on Nifty : The Nifty reached another all-time high after two days of consolidation Say`s Rupak De, at LKP Securities Below Quote on Nifty 06rd July 2023 from Rupak De, Senior Technical analyst at LKP Securities   The Nifty reached another all-time high after two days of consolidation, indicating a breakout in the upward direction. The overall trend appears positive as the index comfortably sits above a key short-term moving average (50DMA). The immediate resistance is visible at 19500; a decisive breakout above 19500 may take the index towards 19725. Support on the lower end is pegged a...
Quote on Nifty : The Nifty reached another all-time high after two days of consolidation Say`s Rupak De, at LKP Securities
Quote on Nifty : The Nifty reached another all-time high after two days of consolidation Say`s Rupak De, at LKP Securities
Source: LKP Securities Ltd
6/07/2023 5:33:52 PM
Quote on Nifty : Nifty continues its upward movement with bulls at the helm despite selling pressure at higher levels from Rupak De, at LKP Securities Below Quote on Nifty 03rd July 2023 from Rupak De, Senior Technical analyst at LKP Securities: Nifty continues its upward movement with bulls at the helm despite selling pressure at higher levels. The trend remains bullish as the index sustained above the critical moving average. The current bullish trend is supported by a bullish crossover in the RSI momentum indicator. The support on the lower end is placed at 19200; while resistance is visible at the 19450-19500 zone.  ...
Quote on Nifty : Nifty continues its upward movement with bulls at the helm despite selling pressure at higher levels from Rupak De, at LKP Securities
Quote on Nifty : Nifty continues its upward movement with bulls at the helm despite selling pressure at higher levels from Rupak De, at LKP Securities
Source: LKP Securities Ltd
3/07/2023 6:36:18 PM
Quote on Bank Nifty : The Bank Nifty experienced a breakthrough as it opened above its robust resistance level of 44,500 Says Rupak De, LKP Securities Below View on Bank Nifty 30 June 2023 By Rupak De, Senior Technical Analyst at LKP Securities   The Bank Nifty experienced a breakthrough as it opened above its robust resistance level of 44,500. The index has been posting gains for three days in a row. The Relative Strength Index (RSI) indicates strong momentum and a bullish sentiment in the index. On the weekly chart, the index has given a downwards consolidation breakout, suggesting a rise in optimism. Therefore, ...
Quote on Bank Nifty : The Bank Nifty experienced a breakthrough as it opened above its robust resistance level of 44,500 Says Rupak De, LKP Securities
Quote on Bank Nifty : The Bank Nifty experienced a breakthrough as it opened above its robust resistance level of 44,500 Says Rupak De, LKP Securities
Source: LKP Securities Ltd
30/06/2023 4:40:25 PM
Quote on Nifty :the Nifty followed a breakout from a period of consolidation, indicating strong bullish reversal Says Rupak De, LKP Securities Below View on Bank Nifty 30 June 2023 By Rupak De, Senior Technical Analyst at LKP Securities   The bulls continued to dominate the market as the Nifty, reached a new all-time high. This surge in the Nifty followed a breakout from a period of consolidation, indicating strong bullish reversal. The overall trend appears positive in the near term as the index has consistently remained above its moving average. Furthermore, the momentum indicator RSI has shown a bullish cross...
Quote on Nifty :the Nifty followed a breakout from a period of consolidation, indicating strong bullish reversal Says Rupak De, LKP Securities
Quote on Nifty :the Nifty followed a breakout from a period of consolidation, indicating strong bullish reversal Says Rupak De, LKP Securities
Source: LKP Securities Ltd
30/06/2023 4:37:18 PM
Quote on Nifty :Nifty moved up smartly following a doji formation on the daily chart Says Rupak De, LKP Securities Below View on Bank Nifty 27 June 2023 By Rupak De, Senior Technical Analyst at LKP Securities Nifty moved up smartly following a doji formation on the daily chart. Additionally, the index found support at the 21EMA before moving higher. The RSI, on the lower timeframe, is in a bullish crossover. The short-term trend looks green from here, on the upside, the index might witness a rally towards 19000. On the lower end, support is placed at 18700.   Above views are of the auth...
Quote on Nifty :Nifty moved up smartly following a doji formation on the daily chart Says Rupak De, LKP Securities
Quote on Nifty :Nifty moved up smartly following a doji formation on the daily chart Says Rupak De, LKP Securities
Source: LKP Securities Ltd
27/06/2023 4:47:12 PM
Quote on Nifty : The Nifty has shown weakness recently, as it has experienced a decline for two consecutive days.Says Rupak De, LKP Securities Below View on Nifty 23 June 2023 By Rupak De, Senior Technical Analyst at LKP Securitie   The Nifty has shown weakness recently, as it has experienced a decline for two consecutive days. On a smaller time frame, the index slipped further. Additionally, the Relative Strength Index (RSI) indicates negative divergence, indicating a weakening bullish momentum. Looking at the support levels, there is visible support at 18500, and if the index breaks below this level, it c...
Quote on Nifty : The Nifty has shown weakness recently, as it has experienced a decline for two consecutive days.Says Rupak De, LKP Securities
Quote on Nifty : The Nifty has shown weakness recently, as it has experienced a decline for two consecutive days.Says Rupak De, LKP Securities
Source: LKP Securities Ltd
23/06/2023 4:46:11 PM