Market Watch : Momentum missing in shortened week

2025-04-16 09:40:37 am | Source: Geojit Financial Services Ltd

Market Watch : Momentum missing in shortened week - Geojit Financial Services Ltd

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Nifty Outlook

Despite the massive gap up opening yesterday, momentum was found missing during the day, with the 100 DMA near 23390 appearing to put a lid on upswings. This sets up a pull back move today. However, with VIX having declined considerably, the possibility of renewed upswing and break of the 23390 remain high, if dips are held above 23080-22975. This retains 24000 as an optimistic objective.

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Market Watch : Momentum missing in shortened week - Geojit Financial Services Ltd

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