2025-02-27 10:55:35 am | Source: Geojit Financial Services Ltd
Morning Nifty and Derivative Comments 27 December 2024 By Anand James, Geojit Financial Services
Below the Quote on Technical Views by Anand James, Chief Market Strategist, Geojit Financial Service
Nifty outlook:
Tuesday's bounce back was turned lower from the 22620 vicinity itself, pointing towards the feebleness of the recovery attempt. A parallel consolidation in the last three days does show signs of giving away on the downside. However, RSI having reached 30 just the other day, we are in favour of a better recovery attempt that should try and penetrate the 22620-730 region. But as maintained all this week, we will wait for 22950 to be conquered, as a confirmation of strength. Downside marker for the day may be placed at 22530, with deeper support seen at 22300. - Read more
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