Trade Setup For Oct. 23: Nifty Finds Key Support At 25,700 Levels (Source: pxhere) Show Quick Read Summary is AI Generated. Newsroom Reviewed
The Nifty continued to remain in an uptrend even during the Muhurat trading session, though the actual range remained small due to the shortened trading window, noted Rupak De, senior technical analyst at LKP Securities.
"Sentiment continues to favor the bulls, with the index sustaining above the critical 21 EMA," De said.
The RSI has entered a highly ambitious momentum zone and looks ready to strengthen in the coming sessions. "In the short term, a rally towards 26,000/26,200 looks possible, while support is placed at 25,700," sees De.
"The Nifty continues to exhibit a strong bullish setup, with every dip being swiftly bought into — a hallm

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