2026-04-27 09:41:55 am | Source: Geojit Investments Ltd
Friday’s downside gapped opening considerably weakened the bullish structure, opening room for 23500 - Geojit Investments Ltd
Nifty Outlook
Friday’s downside gapped opening considerably weakened the bullish structure, opening room for 23500. That said, having retraced 68% of the upmove from 13 April to the month’s peak, a mean reversion upswing cannot be ruled out. However, given the many resistances appearing shortly ahead, we would require a confirmation from a break past atleast 24140, before weighing the prospects of 25000-25600. Else, bears could regroup.
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