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2025-01-20 09:05:29 am | Source: Geojit Financial Services Ltd.
Market Watch: Trump-Xi talks invoke positivity - Geojit Financial Services Ltd

Nifty Outlook
Though the 23000 region diffused a massive bearish plunge, the technical structure of the recovery wave that had been in the making all through last week, appear dismantled. And yet, with more Nifty 50 stocks closing above their respective 10 day SMA on Friday than Thursday, despite Friday's red candle, we are inclined to hope for a push higher. While we continue to view 23370/90 as the level to beat, 23550-640 objectives continue to appear possible. We will begin the day eying 23270-140 as the initial range to break, before a directional move is set.

 

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