Nifty Outlook - Ceasefire calms oil, but fails to cheer Asian equities by Geojit Investments Ltd

2026-06-04 09:15:45 am | Source: Geojit Investments Ltd

Nifty Outlook - Ceasefire calms oil, but fails to cheer Asian equities by Geojit Investments Ltd

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Nifty Outlook

The swing higher that unfolded after stretching towards our first downside objective of 23126 ended up without breaching the upside marker of 23500. This dismisses yesterday’s moves as a consolidation, rather than a reversal. Hence, we remain stuck in a range of 23126-23500, with 22800-23700 seen as the larger range. Within this construct, we see 23350 as the key pivot for the day.

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Nifty Outlook - Ceasefire calms oil, but fails to cheer Asian equities by Geojit Investments Ltd

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