Daily Technical Outlook 06 June 2025 by Axis Securities Ltd
Nifty closed at 24,751 in the previous session, marking a gain of 131 points. On the daily chart, the index has formed a small bullish candle with shadows on either side, representing extreme volatility and indecisiveness among market participants regarding the direction.
Meanwhile, Bank Nifty settled at 55,761, up 84 points, forming a "Doji" candlestick formation on the daily chart, which indicates indecisiveness among market participants regarding the direction.
The trend score analysis suggests a mild bearish outlook for Nifty, while Bank Nifty reflects a neutral stance.
Please refer to the attached report for detailed information such as pivot levels, key metrics, and top gainers and losers
NIFTY
Daily Pivots
BANK NIFTY
Daily Pivots
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