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18-07-2024 09:28 AM | Source: Geojit Financial Services
Market Watch : Global sell off in technology stocks dulls sentiments - Geojit Financial Services Ltd
News By Tags | #Sensex #MarketOutlook #Nifty #BankNifty #GeojitFinancialServicesLtd

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Nifty Outlook

MACD in hourly periodicity has registered negative crossover, but is yet to get confirmation from daily chart. The reason for this is a weak ADX, that underscores that momentum is low. This prompts us not to extend our upside targets beyond 24720-800, which we have been eying for sometime. Downside marker for this move may be placed at 24575, below which a dip towards 24440-24360, may be seen.

 

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