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2025-05-06 04:38:26 pm | Source: LKP securities Ltd
Quote on Nifty by Vatsal Bhuva, Technical Analyst at LKP Securities
Quote on Nifty by Vatsal Bhuva, Technical Analyst at LKP Securities

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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