Market Watch: Asia points to a firm opening, but caution still rules

2025-02-18 09:30:45 am | Source: Geojit Financial Services Ltd

Market Watch: Asia points to a firm opening, but caution still rules - Geojit Financial Services Ltd

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Nifty Outlook

A thousand point upswing that unfolded following a test of 22800 in January has encouraged traders to be brave this time as well, as consolidation continues in the 22800 vicinity. Consequently a positive RSI divergence is shaping up providing supporting signals for yet another upswing. Such a move may see 23150 as the first objective. But, as maintained yesterday, we require a push beyond 23300 inorder to avert an imminent drop aiming 21800-21300.

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Market Watch: Asia points to a firm opening, but caution still rules - Geojit Financial Services Ltd

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