09-12-2024 09:37 AM | Source: Geojit Financial Services Ltd
Morning Nifty and Derivative comments 09 December 2024 By Anand James, Geojit Financial Services
Below the Quote on Technical Views from Anand James, Chief Market Strategist, Geojit Financial Services
Nifty outlook:
Consecutive days of close above 24500, which is also the neckline of an inverted H&S pattern, encourages us to lift the medium term upside target higher to 25600-700, from 25262 set in late November. For the day, we are not keen on chasing prices higher, as was the case on Friday as well. Alternatively, upswings to 24860 could be eyed, if slippages are held above 24600. Inability to float above 24530 will cast doubts on the upside potential, but brief drops to 24380 may be ignored. It would require a close below 24150 to force us to completely abandon the downside view. - Read moreAbove views are of the author and not of the website kindly read disclaimer
Latest News
Market Outlook 2025 by Motilal Oswal Wealth Management
Weekly Note : The Markets faced significant pressure...
Humanoid robotics to offer human-like dexterity, int...
Industry must fully integrate with government digita...
Heart muscles can regenerate in some people, says study
CM Mohan Yadav to lay foundation stone for IT Park a...
The Hidden Wealth: How Personal Skills and Knowledge...
Biotech startups in India surged from 50 to about 9,...
The Art of Decluttering Your Digital Life
Net inflows in SIPs up 233 pc in India this year, MF...
Top News
Government extends PLI scheme for automotive sector by 1 year until FY28: Mahendra Nath Pandey
Tag News
Market Outlook 2025 by Motilal Oswal Wealth Management
Weekly Note : The Markets faced significant pressure this week, losing nearly 5% and wiping out the gains of the past four weeks Says Mr. Ajit Mishra - SVP, Research, Religare Broking Ltd
Bears colour stock market red ahead of Christmas, time for balanced investment strategy
Daily Market Commentary : The broader market was hit even harder, with the Midcap100 and Smallcap100 indices falling 2.8% and 2.2%, respectively Says Mr. Siddhartha Khemka, Motilal Oswal