Nifty Outlook - All eyes on Fed as markets brace for first rate hike in three years by Geojit Investments Ltd

2026-09-16 09:07:51 am | Source: Geojit Investments Limited

Nifty Outlook - All eyes on Fed as markets brace for first rate hike in three years by Geojit Investments Ltd

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Nifty Outlook

As feared, inability to float above 23515 has invalidated the upside attempt. Consequent days of close below the lower bollinger band as well as yesterday’s bearish engulfing candle reflects strong bearishness but also points to peaking fear. We are still within the support band of 23260-23000, lending hopes of a revival, but a close below the same will bring 22600-21800 into the radar.

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Nifty Outlook - All eyes on Fed as markets brace for first rate hike in three years by Geojit Investments Ltd

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