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Below the Quote on Market Movement 27 May 2025 by Mr. Akshay Chinchalkar, Head of Research, Axis Securities

“The Nifty managed to close above the psychological 25000 level yesterday, but as long as the previous high of 25116 is holding, there is a small chance of a dip that holds 24462. This level is a make-or-break for bulls and bears alike, and the preferred view is that as long as it is intact, we will target the 25400 - 25600 area. This dip doesn't have to come, however, in which case the 25500 area becomes the immediate play. Elsewhere, in yet another sign of bullish behaviour, the NSE smallcap index ended above its 200-day moving average yesterday for the first time in seven months. Macro-wise, expectations of a US-EU trade deal are keeping sentiment positive.”
 

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