2026-10-05 09:18:31 am | Source: Geojit Investments Limited
Nifty Outlook - Focus shifts to Q2 numbers by Geojit Investments Ltd
Nifty Outlook
We are now in the close vicinity of a horizontal support region that is formed by 21743 and 22182, the reaction lows of 2025 as well as 2026 respectively, both seen in April months. This support region having helped reverse major downtrends in the last two occasions, encourages us to expect the same now. Alternatively, the break of this region would mark the end of the uptrend that has been on since Covid-19 and could expose 19000 and 16700, the 38 and 50% retracements respectively from covid low.
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