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23-12-2024 10:25 AM | Source: Geojit Financial Services Ltd
Morning Nifty and Derivative Comments 23 December 2024 By Anand James, Geojit Financial Services
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Below the Quote on Technical Views by Anand James, Chief Market Strategist, Geojit Financial Services
Nifty outlook:
With the threat of low volumes looming for the last week of the year, Nifty is expected to attempt a pull back above 200 day SMA, presently at 2383. If relief rallies gain strength, expect 24165, but not much beyond. Alternatively, inability to float above 23700 after early upside attempts, could be seen as a weak signal, but we see low prospects of yet another panic down move. The 21 Nov low 23265 is likely to stay intact for the week. - Read more
With the threat of low volumes looming for the last week of the year, Nifty is expected to attempt a pull back above 200 day SMA, presently at 2383. If relief rallies gain strength, expect 24165, but not much beyond. Alternatively, inability to float above 23700 after early upside attempts, could be seen as a weak signal, but we see low prospects of yet another panic down move. The 21 Nov low 23265 is likely to stay intact for the week. - Read more
Above views are of the author and not of the website kindly read disclaimer
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