Quote on Nifty 01 July 2025 by Rupak De, Senior Technical Analyst at LKP Securities
Below the Quote on Nifty 01 July 2025 by Rupak De, Senior Technical Analyst at LKP Securities
"The Nifty remained mostly range-bound before closing flat. On the hourly chart, the index has been sustaining above the 21-EMA. On the option front decent Put writing seen at 25,500 strike; while, strong Call writing was visible at 25,600. For the short term, support is seen at 25,500; a decisive fall below this level might trigger long unwinding in the market. However, if the index holds above 25,500, a recovery could emerge, potentially pushing the Nifty towards 25,600–25,800 in the short term."
Above views are of the author and not of the website kindly read disclaimer
Tag News
CareEdge Debt Quality Index: June 2025 by CareEdge Ratings
