2025-06-17 09:10:17 am | Source: Geojit Financial Services Ltd
Market Watch : Oil eases, but uncertainty prevails by Geojit Financial Services Ltd
Nifty Outlook
Nifty 50’s close back above 20 day SMA, and 62% of Nifty 500 stocks closing near their respective day high are signs that collapse fears have been shrugged off. However, expect 24986 to put a cap on upside attempts, prompting dips. We see 24840 as a potential reentry point, but slippage past 24770 would give control back to the bears. However, a collapse to 24060 as feared earlier, may not unfold right away.
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