Morning Nifty and Derivative Comments 27 February 2024 By Anand James, Geojit Financial Services

2025-02-27 10:55:35 am | Source: Geojit Financial Services Ltd

Morning Nifty and Derivative Comments 27 February 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 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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Morning Nifty and Derivative Comments 27 February 2024 By Anand James, Geojit Financial Services

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