Quote on Nifty 19 June 2025 by Rupak De, Senior Technical Analyst at LKP Securities
Below the Quote on Nifty 19 June 2025 by Rupak De, Senior Technical Analyst at LKP Securities
"The Nifty witnessed a lackluster expiry on the NSE, as the index remained within a narrow range throughout the session, indicating indecisiveness ahead of any directional move. On the hourly chart, the index continues to trade below the 200-DMA, reflecting weak market sentiment. On the daily chart, it has slipped below the 21-EMA, further reinforcing the bearish outlook. This negative sentiment is likely to persist as long as the index remains below 24,850. On the downside, support is seen at 24,550"
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