Quote on Market Movement 10 June 2025 by Mr. Akshay Chinchalkar, Head of Research, Axis Securities

Below the Quote on Market Movement 10 June 2025 by Mr. Akshay Chinchalkar, Head of Research, Axis Securities
Yesterday was an upside follow-through on Friday's advance for the nifty. Technically speaking, whether it's a pennant or a rectangle that the market is breaking out of, the implications are bullish with an objective of 25800. 25200 is important on the upside and as long as bears are unable to force the index below 24800, bulls clearly have the upper hand. Talks between China and the US are expected to conclude today so what happens there will be the next catalyst for the trend.
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