Morning Nifty and Derivative Comments 06 March 2025 By Anand James, Geojit Financial Services
Below the Quote on Technical Views by Anand James, Chief Market Strategist, Geojit Financial Service
Though yesterday’s rise paused near 22400, the second objective that we had set out with, the firm close thereof completed a morning star candlestick 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 cracks below 22190 to abandon the upside view. - Read more
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