Morning Nifty and Derivative Comments 17 March 2025 By Anand James, Geojit Financial Services

2025-03-17 09:27:52 am | Source: Geojit Financial Services Ltd

Morning Nifty and Derivative Comments 17 March 2025 By Anand James, Geojit Financial Services

News By Tags | #Sensex #ExpertViews #MarketOutlook #Nifty #BankNifty #GeojitFinancialServicesLtd #AnandJames

Below the Quote on by Technical Views by Anand James, Chief Market Strategist, Geojit Financial Service

Nifty outlook:

While a marubozu candlestick formation on Thursday lends a weak bias, the hourly and weekly charts provide compelling alternate possibilities. Weekly charts show that a piercing pattern has been avoided, which suggests that a downside signal seeking to reverse the previous week’s upside is not fully formed. Meanwhile, a W pattern in hourly chart seeks to put an end to the corrective downsides that have been on since turning lower from the 20 day SMA on 10th March. These encourage us to pursue the possibility of upsides early in the week but would still seek confirmation from a push above the 22587-633 band, before getting on to the 23000 move. Inability to do so, or a direct fall below 22319, could expose 21700. - Read more

Above views are of the author and not of the website kindly read disclaimer

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here

IGI Logo

Morning Nifty and Derivative Comments 17 March 2025 By Anand James, Geojit Financial Services

Top News

Tag News

More News