2025-03-06 10:26:46 am | Source: Geojit Financial Services Ltd
Market Watch: RBI to boost liquidity with OMO by Geojit Financial Services Ltd
Nifty Outlook
Though yesterday's rise paused near 22400, the second objective that we had set out with, the firm close thereof completed a morning star candle stick pattern signalling confirmation of trend reversal. The low of 25 Feb, at 22513, presents itself as the nearest challenge, but we feel there will be enough follow through momentum to see atleast 23000 initially, without major hiccups. Meanwhile, volatility early in the day would have to be contained above 22270 for early resumption of uptrend. We will however wait for crack below 22190 to abandon the upside view.
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