Morning Nifty and Derivative Comments 28 February 2025 By Anand James, Geojit Financial Services
Below the Quote on Technical Views by Anand James, Chief Market Strategist, Geojit Financial Service
Nifty outlook
Parallel consolidation continued yesterday as well, with expiry surprisingly failing to trigger break out moves. Oscillators do show positive divergence, supporting upswing theories, potentially aiming for the 22620-730 region initially. But as maintained all this week, we will wait for 22950 to be conquered, as a confirmation of strength. Downside markers can continue to be in the 22500 vicinity, while deeper support is seen at 22300. - Read more
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