📊 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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.