Market Watch: Expect consolidation - Geojit Financial Services Ltd

2025-03-10 09:42:11 am | Source: Geojit Financial Services Ltd

Market Watch: Expect consolidation - Geojit Financial Services Ltd

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Nifty Outlook

We are now near the highs formed in the last week of February, shortly after which a massive break down unfolded. The 20 day SMA is also not far. This explains the shooting star candle stick formation on Friday, pointing to indecision or a potential down move. Ideally, such a downswing could extend to 22245. Alternatively, if upswings take off without requiring to slip below 22470, or if downswings do not force a close below 22300 in these days, then the 23000 objective could continue to be in contention.

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Market Watch: Expect consolidation - Geojit Financial Services Ltd

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