Quote on Nifty 11th August 2025 by Mr. Nilesh Jain, Head – Technical and Derivatives Research Analyst, Centrum Broking Ltd
Below the Quote on Nifty 11th August 2025 by Mr. Nilesh Jain, Head – Technical and Derivatives Research Analyst, Centrum Broking Ltd
"The truncated week began on an upbeat note as the bulls staged a sharp rebound. Nifty regained its 100-DMA, which aligns with the psychological mark of 24,500, now acting as the immediate support, with the next cushion at 24,340. The price structure indicates scope for a further pullback towards 24,750. Although the broader trend remains weak, the short-term bias has turned mildly positive, driven by a short-covering rally."
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