Quote on Morning Market Movement 26th June 2025 by Akshay Chinchalkar, Head of Research, Axis Securities

Below the Quote on Morning Market Movement 26th June 2025 by Akshay Chinchalkar, Head of Research, Axis Securities
“The nifty continued it's near-term rally yesterday, rising 200 points.Technically speaking, the price action also traced an inside day, which means that the possibility of a large, single-day, trending move is rising. Immediate resistance sits inside the 25310 - 25360 zone and higher at 25500, while immediate support rests between 24960 and 25010. Below this, 24800 is the level bulls must defend if a visit into the 25500 - 25800 area is coming. Global cues were neutral this morning.”
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