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2026-05-29 09:36:33 am | Source: Geojit Investments Ltd
Nifty Outlook - Brent slips on hopes of US-Iran truce by Geojit Investments Ltd
Nifty Outlook - Brent slips on hopes of US-Iran truce by Geojit Investments Ltd

Nifty Outlook

Three days of close above 20 day SMA encourages us to start the day on a positive note. However, Wednesday’s hammer is a reminder that bears are very much dominant. Initial trading range is expected to be 23840-24000, with low prospects of a vertical move on either side, even if range breakout unfolds. Larger range is seen as 23500-24450.

 

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