Powered by: Motilal Oswal
2025-06-05 04:19:34 pm | Source: LKP Securities Ltd
Quote on Nifty 05 June 2025 by Rupak De, Senior Technical Analyst at LKP Securities
Quote on Nifty 05 June 2025 by Rupak De, Senior Technical Analyst at LKP Securities

Below the Quote on Nifty 05 June 2025 by Rupak De, Senior Technical Analyst at LKP Securities

 

"The index remained volatile within a range throughout the day, failing to establish a clear directional move as range-bound trading continued. However, a golden crossover is visible on the daily chart, indicating the potential for a strong uptrend in the short term. On the 2-hour chart, the RSI has formed a positive crossover, suggesting bullish momentum in the near to short term. Support continues to hold at 24,500; unless the Nifty breaks below this level, a serious correction is unlikely. On the contrary, a steady or even sharp recovery appears possible in the near term."

 

Above views are of the author and not of the website kindly read disclaimer

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here