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Bloomberg Quint

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Image Credit: Bloomberg Quint

Trade Setup For July 3: Nifty Resistance At 25,640–25,740

  • The Nifty 50 formed a bearish candle, indicating a negative trend, with analyst Nandish Shah suggesting support levels at 25,317 and 25,222.
  • Nifty faces strong resistance at 25,640–25,740, hindering upward movement, according to analyst Nandish Shah.
  • Bank Nifty also experienced profit booking with immediate support at 56,800-57,000.
  • Market closed lower, with NSE Nifty 50 down by 0.35% and BSE Sensex down by 0.34%, while the Indian rupee depreciated by 17 paise.

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