Morning Nifty and Derivative Comments 29 January 2025 By Anand James, Geojit Financial Services

2025-01-29 10:31:02 am | Source: Geojit Financial Services Ltd.

Morning Nifty and Derivative Comments 29 January 2025 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:

While we had set us up for the anticipated upswings to end near 23128, the dramatic drop quickly thereafter did catch us by surprise. While this casts doubt on the recovery attempts that we had lined up for yesterday and onwards, the long wick candles in the last two hours each representing turn from the high as well as the low, point to rejection trades and an unwillingness to set off on a directional move. In other words, indecisiveness rules, putting the trend evenly poised for the day. We will wait for a push beyond the 22800-23200 band to gain more clarity. - Read more

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Morning Nifty and Derivative Comments 29 January 2025 By Anand James, Geojit Financial Services

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