Quote on Nifty 01st October 2026 by Rupak De, Senior Technical Analyst at LKP Securities

2026-10-01 05:41:47 pm | Source: LKP Securities Ltd

Quote on Nifty 01st October 2026 by Rupak De, Senior Technical Analyst at LKP Securities

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Below the Quote on Nifty 01st October by Rupak De, Senior Technical Analyst at LKP Securities

"Nifty started lower as sentiment remained weak due to the rise in the US 10-year bond yield and strong crude oil prices. During the day, the index fell further as strength in crude oil added to the negative sentiment. Sentiments continue to remain weak as the index closed below its 200-week moving average for the first time since the Covid crash. On the lower end, support is placed at 22,200, below which further correction towards 22,060 looks possible. On the higher end, resistance is placed at 22,600. The index will remain in a sell-on-rise mode as long as it remains below 22,600."

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Quote on Nifty 01st October 2026 by Rupak De, Senior Technical Analyst at LKP Securities

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