💼 Nifty is likely to consolidate in the 24500 - 25500 range in the near-term.
💼 There are no short-term triggers to take the Nifty beyond the upper band.
💼 Some profit booking pulling the market slightly down is likely. But ample liquidity will ensure that dips will get bought helping the market to consolidate.
💼 From the global perspective, market participants will be keenly following the progress of trade talks between the U.S. and China.
💼 Even though there is optimism regarding a favourable outcome, it is unlikely to happen quickly.
💼 Since the market has run up in the last two trading days and valuations have got stretched, some profit booking can be considered to hedge against unexpected developments.
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Posted on : 10 Jun 2025 9:48 AM
