Quote on Morning Market Movement 28th July 2025 by Akshay Chinchalkar, Head of Research, Axis Securities

Below the Quote on Morning Market Movement 28th July 2025 by Akshay Chinchalkar, Head of Research, Axis Securities
The nifty finished 156 points down yesterday and ended below the crucial 24700 mark. Technically speaking, the ongoing decline has the 24400 - 500 support area in its sights as long as immediate resistance at 25000 is not challenged. The real test for bulls will be at 24200 should prices get there. Asian cues were slightly weak this morning while overnight US cues were strong with the S&P climbing to yet another record.
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