2025-03-19 08:54:17 am | Source: Geojit Financial Services Ltd
Morning Nifty and Derivative Comments 19 March 2025 By Anand James, Geojit Financial Services
Below the Quote on by Technical Views by Anand James, Chief Market Strategist, Geojit Financial Service
Nifty outlook:
While it took 10 trading sessions to swing higher from the lower Bollinger band and break above the middle band, we expect the travel to the upper band to unfold in much less time. This should also suggest that the 23000 region which was expected to spark a stop and reverse move, may give away. Ideally, a full retracement to the Feb peak should unfold, setting us up with 23807 as the optimistic target, with intermediate resistance spotted in the 23460-500 vicinity. Alternatively, inability to close above 22730 today after early positivity, could signal loss in momentum, but an outright reversal is less favoured. - Read more
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