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Bloomberg Quint

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Image Credit: Bloomberg Quint

Trade Setup For July 4: Nifty Immediate Support At 25,400

  • Nifty 50 can see further weakness despite a positive short-term outlook with a bearish candle on daily charts and lower-top formation on intraday charts.
  • For any meaningful upside, Nifty must sustain above 25,500, with the next hurdle at 25,600–25,700, and immediate support at 25,400.
  • Key support for the Nifty Bank is placed at 56,000–55,500 region according to Bajaj Broking.
  • The Indian equity indices closed lower for the second consecutive day on Thursday with Nifty ending 0.19% lower at 25,405.30 and Sensex closing 0.2% down at 83,239.47.

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