2025-08-29 09:29:02 am | Source: Geojit Financial Services Ltd
Market Watch: GDP expected to have grown 6.7% in Apr-Jun by Geojit Financial Services Ltd
Nifty Outlook
Two consecutive days with Marubozu pattern reflects the bear grip, keeping the 24071-23860 objectives in play. However, the turn lower five days back from the upper bollinger band has now stretched 2.6% with just another 0.7% left for the lower band. We favour yet another reversal attempt, but will wait for a push beyond 24700 to play a 24870 move. Downside marker may be placed near 24470. Slippage below the same could expose 24300 initially, but a collapse is less expected today.
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