2025-06-12 05:59:56 pm | Source: LKP Securities Ltd
Quote on Nifty 12 June 2025 by Rupak De, Senior Technical Analyst at LKP Securities
Below the Quote on Nifty 12 June 2025 by Rupak De, Senior Technical Analyst at LKP Securities
"Nifty slipped sharply following a consolidation breakdown on the daily chart, indicating bearish pressure around the recent market top near 25,200. The index found support near the lower end around 24,850 and managed to hold above this level. Despite the sharp fall, other technical conditions remain intact, suggesting that the broader trend is still strong and a short-term reversal is possible. However, a decisive break below 24,850 could weaken market sentiment. On the higher side, 25,000 is likely to act as immediate resistance."
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