2025-06-04 04:36:55 pm | Source: LKP Securities
Quote on Nifty 04 June 2025 by Rupak De, Senior Technical Analyst at LKP Securities
Below the Quote on Nifty 04 June 2025 by Rupak De, Senior Technical Analyst at LKP Securities
"The Nifty continues to exhibit a lackluster sentiment as traders await the RBI rate decision. The market is likely to remain sideways for another session until the announcement and follow-up commentary on Friday. A bearish crossover in the momentum oscillator RSI signals weakening price momentum, suggesting limited movement in the near term. Immediate support is placed at 24,500; a break below this level could lead to further weakness. On the higher side, resistance is seen at 21,750/21,900."
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