Daily Technical Report 01 July 2025 by Axis Securities Ltd
Daily Technical Outlook
Nifty closed at 25,517, down 121 points. On the daily chart, it formed a bearish engulfing candle after encountering strong resistance near the bearish gap zone of 25,739–25,639, suggesting profit booking at higher levels.
Bank Nifty ended at 57,313, losing 131 points. The index formed a small bearish candle with wicks on both ends, reflecting market indecision regarding the near-term direction.
The trend score analysis suggests a neutral outlook for Nifty, while Bank Nifty reflects a bullish stance.
Please refer to the attached report for detailed insights, including pivot levels, key metrics, and top gainers and losers.
NIFTY
Daily Pivots
BANK NIFTY
Daily Pivots
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