2026-02-23 05:44:03 pm | Source: LKP Securities
Quote on Nifty 23rd February 2026 from Rupak De, Senior Technical Analyst at LKP Securities
Below the Quote on Nifty 23rd February 2026 from Rupak De, Senior Technical Analyst at LKP Securities
"Following a gap-up start, the index retraced and slipped back below the 50DMA due to a lack of buying interest at higher levels. A flow of contradictory news kept the index confined roughly within the band of the 21EMA (25641) and the 50DMA (25737). India VIX remained elevated, while the index continued to hold above the 200DMA. The daily RSI remained indecisive despite a positive crossover. In the short term, the index may remain sideways unless it moves above 25750 or falls below 25600."
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