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Mayank Kumar

8th Jul 2025 · SEBI-Registered Analyst

Nifty 50 continues to respect the long-term rising resistance trendline near 25,550–25,600, with strong closing above short-term EMA cluster (3–21 EMA). The RSI is at 62.5, reflecting bullish momentum but with caution near supply. A confirmed breakout above the trendline could ignite momentum toward 25,800–26,000, while rejection may trigger pullback to 25,200–25,100 zone. Price nearing breakout zone next sessions crucial for trend confirmation.

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