📊 NIFTY Index Technical Analysis (Daily) – June 4, 2025
Current Price: ₹24,583.90
Change: +₹41.40 (+0.17%)
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🔍 Key Technical Highlights:
Rising Channel Breakdown: Nifty has broken below the rising channel, suggesting a short-term correction may be underway.
Immediate Support Zone: Blue box area near ₹23,850 (PE Target) is key — likely to act as the first demand zone.
Strong Buy Zone: If the decline continues, ₹23,000–23,200 is marked as a major accumulation zone, where long positions can be considered.
🧭 Price Outlook:
If the price respects the ₹23,850 zone, we may see a bullish bounce and trend continuation.
A breakdown below the blue zone may lead price toward the strong buy zone before any reversal.
💡 Trade Plan Idea:
Watch ₹23,850: Potential bounce area for aggressive bulls.
Wait for Reversal Signals at the lower strong demand zone for a safer entry.
Current Price: ₹24,583.90
Change: +₹41.40 (+0.17%)
---
🔍 Key Technical Highlights:
Rising Channel Breakdown: Nifty has broken below the rising channel, suggesting a short-term correction may be underway.
Immediate Support Zone: Blue box area near ₹23,850 (PE Target) is key — likely to act as the first demand zone.
Strong Buy Zone: If the decline continues, ₹23,000–23,200 is marked as a major accumulation zone, where long positions can be considered.
🧭 Price Outlook:
If the price respects the ₹23,850 zone, we may see a bullish bounce and trend continuation.
A breakdown below the blue zone may lead price toward the strong buy zone before any reversal.
💡 Trade Plan Idea:
Watch ₹23,850: Potential bounce area for aggressive bulls.
Wait for Reversal Signals at the lower strong demand zone for a safer entry.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.