Gap down opens room for mean reversion toward 23435

2026-03-20 09:09:22 am | Source: Geojit Investments Limited

Gap down opens room for mean reversion toward 23435 - Geojit Investments Ltd

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Nifty Outlook

If the test of 10 day sma caused rejection trades a few days back, the approach of Monday’s low appears to have attracted buyers again. Yesterday’s large gap down also provides room for a mean reversion move, aiming 23435 initially. Alternatively, inability to push above 23190, or a direct fall below 22930 will call for the next leg of downsides aiming 22000, with initial objective at 22560.

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Gap down opens room for mean reversion toward 23435 - Geojit Investments Ltd

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