2025-07-23 09:15:57 am | Source: Geojit Financial Services Ltd
Market Watch : US-Japan trade deal revives optimism by Geojit Financial Services Ltd
Nifty Outlook
While the 10 day SMA prompted a turn lower yesterday, the 50 day SMA stepped in to restrict downsides. This retains hopes of a renewed attempt at upsides today, potentially aiming for 25215 or 25400. This is a limited upside view, and the prospects of extended upsides will depend how the descending broadening wedge pattern matures, inside which the present trades are fitted in. Meanwhile, the 200 day SMA is in the 24000 vicinity, with intermediate supports seen at 24800 and 24450.
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