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."
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