Quote on Nifty 18th September 2025 from Rupak De, Senior Technical Analyst at LKP Securities
Below the Quote on Nifty 18th September 2025 from Rupak De, Senior Technical Analyst at LKP Securities
"Nifty remained volatile after a gap-up start, driven by a dovish Fed announcement. The short-term trend is likely to stay positive as the index is comfortably trading above its critical moving average. The daily RSI is in a bullish crossover and rising above the previous swing high, indicating strengthening momentum.
In the near term, support is placed at 25,300 and 25,150. On the other hand, crucial resistance is seen at 25,500. A decisive move above this level could trigger a rally towards 26,000. Overall, a buy-on-dips strategy remains favorable in the current market scenario."
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