Quote on Morning Market Movement 08 July 2025 by Akshay Chinchalkar, Head of Research, Axis Securities

2025-07-08 09:53:29 am | Source: Axis Securities Ltd

Quote on Morning Market Movement 08 July 2025 by Akshay Chinchalkar, Head of Research, Axis Securities

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Below the Quote on Morning Market Movement 08 July 2025 by Akshay Chinchalkar, Head of Research, Axis Securities

The Nifty ended absolutely flat after trading in a tight range. Technically speaking, after Friday's hammer candle, we have traced a "spinning top" formation yesterday. This means a great deal of indecision still prevails, but tactical bulls have to defend 25331 on the way down. On the upside, 25587 represents the first hurdle, followed by the swing high around 25670. Asian cues are supportive, as the drop in US equities has failed to impact Asia on the downside.

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Quote on Morning Market Movement 08 July 2025 by Akshay Chinchalkar, Head of Research, Axis Securities

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