Quote on Nifty 14 July 2025 by Rupak De, Senior Technical Analyst at LKP Securities
Below the Quote on Nifty 14 July 2025 by Rupak De, Senior Technical Analyst at LKP Securities
"The Nifty continues to decline as tariff tensions weigh on market sentiment. Additionally, participants are awaiting CPI data from both India and the US, which is further dampening overall sentiment. Technically, the index slipped towards 25,000 on an intraday basis, which is very close to the 50-DMA. On the lower end, support is placed at 24,900–24,950. If this zone holds, a rally towards 25,350 looks possible. However, failure to sustain above 24,900 may trigger a deeper phase of correction."
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