(04-06-2025)

NIFTY (24,543)

• Trend: Negative

• Action: Go short in NIFTY with stoploss at 24,949 on a daily closing basis. NIFTY would be considered bearish till it trades below 24,949 levels.

• Support: 24,415 | 24,287 | 24,072

• Resistance: 24,758 | 24,973 | 25,101

BANKNIFTY (55,600)

• Trend: Positive

• Action: Hold long positions with stoploss at 55,165 on a daily closing basis. Fresh short positions can be initiated if BANKNIFTY closes below 55,165 levels.

• Support: 55,317 | 55,033 | 54,611

• Resistance: 56,022 | 56,445 | 56,728

#ALPHAINDEXLEARNING

(04-06-2025)