2025-03-10 09:33:52 am | Source: Geojit Financial Services Ltd
Morning Nifty and Derivative Comments 10 March 2025 By Anand James, Geojit Financial Services
Below the Quote on Technical Views by Anand James, Chief Market Strategist, Geojit Financial Service
Nifty outlook:
We are now near the highs formed in the last week of February, shortly after which a massive breakdown unfolded. The 20 day SMA is also not far. This explains the shooting star candlestick formation on Friday, pointing to indecision or a potential down move. Ideally, such a downswing could extend to 22245. Alternatively, if upswings take off without requiring to slip below 22470, or if downswings do not force a close below 22300 in these days, then the 23000 objective could continue to be in contention. - Read more
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