Quote on Nifty 30th September 2026 by Rupak De, Senior Technical Analyst at LKP Securities
Below the Quote on Nifty 30th September 2026 by Rupak De, Senior Technical Analyst at LKP Securities
"The index formed two back-to-back reversal patterns, with a hammer pattern followed by an inverted hammer pattern. However, sentiment remains highly weak, as strength in crude oil and the 10-year US bond yield continues to keep bullishness in check. Today, Nifty again faced resistance at higher levels and made a high around the 20EMA on the hourly chart, leading to a fall towards the end of the session. Going forward, 22,600 is likely to act as a crucial support. A decisive fall below 22,600 might trigger a sharper correction. On the other hand, if the index sustains above 22,600, it might witness a meaningful recovery."
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