NIFTY BIGGER PICTURE 07-JUN-2025: MAKE or BREAK?

LTP 25003

Resistance: 25121

Supports: 24455/23955/21734/21277

Nifty is still in a range of 24455-25121. (MAKE or BREAK ZONE)

Bullish Scenario:

As per my analysis, as long as NIFTY stays above 24455 and a break of 25121, we can see big bull move towards 26734. Immediate target 25700. I expect, soon we can see a breakout.

Targets:

Immediate targets: 25450, 25700

26255

Ultimate targets 1: 26734-27455-(27800)

Ultimate targets 2: 28550-(28850)-29634.

Extensions: 30500-(31200)-31800

Bearish scenario:

On the other side, if nifty resisted by 25121, can retest 24455 and further 24300.

Other targets on the downside can be 23955-855, 23450, 23050, 22755.

Conclusion:

NOTE: As long as 21734 holds support and any reversal from the above bearish targets, we can see big reversal towards ATH.

STILL THE TREND is BULLISH. BUY on DIPS is my VIEW for the coming months/years....

https://in.tradingview.com/chart/NIFTY/YmXU8uYg-NIFTY-BIGGER-PICTURE-07-JUN-2025-MAKE-or-BREAK/