Break below 20-DMA shifts risk-reward unfavourably for Nifty: Rupak De

Technical strategist Rupak De of LKP Securities warns that a break below the 20-day moving average has weakened Nifty’s near-term structure. Rising volatility and breached supports suggest downside risk toward 25,000 unless resistance levels are reclaimed, while selective opportunities remain in defence and banking stocks.

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