2026-03-30 04:28:52 pm | Source: LKP Securities Ltd.
Nifty Quote on March 30, 2026 by Rupak De, Senior Technical Analyst at LKP Securities
Below Nifty Quote March 30, 2026 by Rupak De, Senior Technical Analyst at LKP Securities
“The Nifty continues to move lower as the bears appear to be tireless fighters, with statements from the US and Iran providing support to the sellers. The Nifty has slid towards its previous low on the daily chart, retracing almost 90% of the previous rise from the April 2025 low to the February 2026 high.
While the Nifty seems to be finding support just above the ascending trend line on the daily chart, another interesting formation is creating a silver lining – a positive divergence hidden in the daily RSI. Therefore, I won’t be surprised if the Nifty recovers decently from Wednesday onwards.
At the lower end, 22,200 is likely to act as a crucial support level, from where a significant rally could emerge. The view of a bullish reversal will be invalidated if the index falls below 22,200.”
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