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
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
Above views are of the author and not of the website kindly read disclaimer
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or
investment advice. Investments in financial markets are subject to market risks, and past performance is
not indicative of future results. Readers are strongly advised to consult a licensed financial expert or
advisor for tailored advice before making any investment decisions. The data and information presented
in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the
content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
Gold loans grow 4x in 3 years, ticket size doubles t...
Mining equipment maker Eimco Elecon's Q4 profit cras...
Demand for crude oil to see biggest quarterly slump ...
Global pharma giants escape US regulation while test...
EV charging fees to be discounted on weekends: South...
India's AI infrastructure buildup will bolster South...
India's passenger vehicle sales jump 16 pc in March
From 'pharmacy of world' to innovation hub: PM Naren...
Government notifies new rules on fees for overloaded...
India can absorb energy shock but fiscal strains pos...
.jpg)
