2025-03-21 09:32:42 am | Source: Geojit Financial Services Ltd
Morning Nifty and Derivative Comments 21 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:
Nifty seemed to be in a hurry yesterday, taking just three days to travel the upper half of the Bollinger band range, in stark contrast to the 10 days needed for the lower half. In doing so, it cast aside any need for consolidation, which was half anticipated yesterday. While all this is in line with the 23450- 23807 trajectory, the close above the upper Bollinger band as well as an evening star candlestick formation recommends a cautious approach today. Plenty of support below, at 23085- 23025-22970 shall attract bargain buyers, but slippage past the same could expose 22650. A collapse is less expected though. - Read more
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