Quote on Nifty 05th September 2025 by Mr. Nilesh Jain, Head – Technical and Derivatives Research Analyst , Centrum Broking Ltd
Below the Quote on Nifty 05th September 2025 by Mr. Nilesh Jain, Head – Technical and Derivatives Research Analyst , Centrum Broking Ltd
"Markets witnessed a smart recovery, with the Nifty managing to close above its 21-DMA, currently placed around 24,700. However, the recent momentum faced resistance near the 50-DMA at 24980, which also aligns with the upper boundary of a symmetrical triangle pattern on the index. For a fresh leg of the uptrend, a decisive breakout above 25,000 is essential. A successful move above this level could open the gates for a rally towards 25,300, and eventually 25,500. On the downside, immediate support lies at the recent swing low of 24,520. Overall, Nifty is expected to consolidate within the broader range of 24,400–25,000 in the coming week."
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