Pahari Trader
June 6, 2025 at 03:09 AM
GIFT NIFTY Indicating a flat start to Indian markets.
ASIAN markets are showing a mixed trend as of now
US indices gave bearish close yeaterday, but futures are trading bullish as of now.
MIDCAP & Smallcap both saw strong momentum yesterday and formed strong candles on top but major indices lagging behind as we saw a drop in 2nd half and not supporting the broader market.
24900 will act as major resistance for bulls in nifty.
Nifty is trading in a big sideways range of 25100-24500 for a long time now near 21ema, until this range is cleared strong bulls won’t enter markets
Today is weekly close, and weekly close will play important role in deciding next week’s trend
Trade safely & with small SL.