2025-07-24 09:10:58 am | Source: Geojit Financial Services
Market Watch: Nifty hopes to ride on Infy's earnings by Geojit Financial Services Ltd
Nifty Outlook
There are no signs of exhaustion yet after achieving the first upside objective of 25215, except for the presence of a horizontal resistance. But with directional indicators yet to signal a momentum sufficient enough for a breakout move, favoured view expects a consolidation. Incidentally, a limited upside view was favoured yesterday as well. However, a break of 25400 could signal the maturity of the descending broadening wedge pattern, inside which the present trades are fitted in. We will wait for the same, with eyes on 25174/113 as supports critical for maintaining the prevailing positive bias.
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