Quote on Market Movement 12 June 2025 by Mr. Akshay Chinchalkar, Head of Research, Axis Securities
Below the Quote on Market Movement 12 June 2025 by Mr. Akshay Chinchalkar, Head of Research, Axis Securities
The nifty ended higher yesterday, but slipped off its intraday peak. Technically speaking, yesterday's candle was a doji with a slightly longer upper shadow immediately following the "upside-gap two crows" pattern so the onus is on bulls to protect 25029 in the near-term. If bears are able to drag the index below the 24987 - 25029 zone, a test of the 24800 - 24863 area will become a high probability event. Global factors are not supportive this morning with US futures in the red due to the escalation involving Iran and the lack of upside surprises from US-China trade talks.
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Quote on Morning Market by Mr. Akshay Chinchalkar, Head of Research, Axis Securities
