Quote on Nifty 04 July 2025 by Rupak De, Senior Technical Analyst at LKP Securities
Below the Quote on Nifty 04 July 2025 by Rupak De, Senior Technical Analyst at LKP Securities
"The daily chart of the Nifty shows the formation of a hammer pattern, which is generally considered a bullish reversal signal. Key support lies at 25,300, and as long as the index remains above this level, bullish sentiment is expected to persist, with the potential for a swift rebound. On the higher side, the index could advance towards 25,800–26,100 in the near term. Immediate resistance is placed at 25,500; a breakout above this level could further strengthen the upward momentum."
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