Quote on Nifty 09 July 2025 by Rupak De, Senior Technical Analyst at LKP Securities

2025-07-09 05:32:01 pm | Source: LKP Securities Ltd

Quote on Nifty 09 July 2025 by Rupak De, Senior Technical Analyst at LKP Securities

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Below the Quote on Nifty 09 July 2025 by Rupak De, Senior Technical Analyst at LKP Securities

"Nifty witnessed range-bound movement after a strong upmove, facing stiff resistance around 25,500–25,550. On the hourly chart, the index has slipped below the 50-hour simple moving average, while the RSI has also moved below the 50 mark, indicating weakening momentum. However, it continues to hold above the breakout zone of 25,200–25,250, which may act as immediate support in the short term. As long as this level is sustained, the broader trend remains positive. A sustained move above 25,550 could trigger fresh upside."

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Quote on Nifty 09 July 2025 by Rupak De, Senior Technical Analyst at LKP Securities

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