Quote on Nifty 30th June 2025 by Rupak De, Senior Technical Analyst at LKP Securities
Below the Quote on Nifty 30th June 2025 by Rupak De, Senior Technical Analyst at LKP Securities
"The Nifty witnessed some profit-taking as the index closed 152 points off the day’s high. Additionally, it has formed a bearish engulfing pattern on the daily timeframe, indicating fatigue in the ongoing market rally. In the near term, the index may enter a phase of consolidation. The short-term trend is likely to remain sideways before any decisive directional move. On the downside, a decisive fall below 25,500 could trigger a correction. On the upside, resistance is placed at 25,600 and 25,800."
Above views are of the author and not of the website kindly read disclaimer
Tag News
CareEdge Debt Quality Index: June 2025 by CareEdge Ratings
