Quote on Nifty by Vatsal Bhuva, Technical Analyst at LKP Securities

2025-05-06 04:38:26 pm | Source: LKP securities Ltd

Quote on Nifty by Vatsal Bhuva, Technical Analyst at LKP Securities

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Below the Quote on Nifty by Vatsal Bhuva, Technical Analyst at LKP Securities

On Tuesday, Nifty ended with a bearish candlestick on the daily chart, indicating a firm resistance near the 24,500 mark as market participants stayed cautious ahead of the Fed meeting and Indo-Pakistan tensions. Key support lies in the 24,250–24,200 zone. Technically, a directional trend will emerge only after a decisive move above 24,500 or a close below 24,200. Until then, the index is likely to trade in a range. With the Fed outcome now released, a directional move could unfold in the upcoming sessions.

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Quote on Nifty by Vatsal Bhuva, Technical Analyst at LKP Securities

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