Rupak De, Senior Technical Analyst, LKP Securities





Nifty has shown a sharp recovery, rebounding to touch its 100-day moving average placed at 21786 and closing above its 21-day EMA. For a bullish or bearish outlook, it's crucial to monitor key levels. If Nifty sustains above its 21-day EMA or 22500, a buy-on-dip approach is advisable. Currently, 22400 acts as support, while 22800 serves as the initial resistance for the Nifty index.


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