Quote on Nifty 03 June 2025 by Rupak De, Senior Technical Analyst at LKP Securities

2025-06-03 04:14:55 pm | Source: LKP Securities

Quote on Nifty 03 June 2025 by Rupak De, Senior Technical Analyst at LKP Securities

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Below the Quote on Nifty 03 June 2025 by Rupak De, Senior Technical Analyst at LKP Securities

"The Nifty has extended its consolidation phase for yet another day, showing no urgency in establishing a clear directional trend. It appears that investors are awaiting a decisive commentary following the RBI's interest rate decision. Technically, very short-term support is placed at 24,500. A fall below this level may trigger an increase in short positions, potentially leading to a swift decline towards 24,000. On the other hand, if the Nifty holds above 24,500, it could see a recovery towards the 24,700–24,750 zone in the near term."

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Quote on Nifty 03 June 2025 by Rupak De, Senior Technical Analyst at LKP Securities

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