2025-08-18 09:12:45 am | Source: Geojit Financial Services Ltd
Market Watch: Nifty poised for a positive opening by Geojit Financial Services Ltd
Nifty Outlook
Last week’s reversal attempts stalled in the 24670-720 region, depriving Nifty of a bullish confirmation. However, 43% and 39% of mid and small cap index constituents respectively ended up above their respective 10 day SMAs, the highest since late July, suggesting that a broad market reversal is already in play. This encourages us to persist with the 24850-25000-25200 objectives discussed last week. Expect 24850 to pose a stiff challenge, but upside hopes may be persisted with, as long as the volatility thereof is contained above 24650.
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