Quote on Nifty 06 June 2025 by Rupak De, Senior Technical Analyst at LKP Securities
Below the Quote on Nifty 06 June 2025 by Rupak De, Senior Technical Analyst at LKP Securities
"The stock index has moved up sharply following a bazooka policy move by the RBI. It closed above the 25,000 mark after several sessions, indicating a surge in optimism among market participants. Typically, a rally followed by consolidation often results in an upward breakout, and this time too, we expect Nifty to break out above the recent consolidation range. On the higher side, resistance is placed at 25,150. A move above this level — or even a sustained close above 25,000 — could set the stage for the index to rally towards 25350. On the downside, support is placed at 24,850. A breach below this level may weaken the current rally and trigger some profit booking."
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