First leg of decline targets 22560 before consolidation

2026-03-23 09:09:41 am | Source: Geojit Investments Limited

First leg of decline targets 22560 before consolidation - Geojit Investments Ltd

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Nifty Outlook

The widening of the lower bollinger band, following wild moves last week, forces us to bring 22000 back into the picture. The first leg of this down move would aim for 22560, before any consolidation emerges. Alternatively, reversal attempts will require a direct rise above 23179, to attract upside momentum.

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First leg of decline targets 22560 before consolidation - Geojit Investments Ltd

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