Tech view: Nifty has formed a Hammer candlestick pattern near multiple support zones, signalling strength. As long as it holds the recent low of 22,725, a buy-on-dips strategy remains favourable. The 21-day simple moving average (DSMA) at 23,240 serves as an immediate hurdle, and a decisive breakout above this level could confirm a near-term bottom reversal, said Hrishikesh Yedve of Asit C. Mehta Investment Intermediates.
US inflation tops 4% for first time in three years, keeping Fed hike in play
US inflation climbed to 4.1% in May, driven by rising energy prices, keeping the Federal Reserve’s interest rate hike plans on the table for September.
June 25, 2026