2026-07-27 09:21:02 am | Source: Geojit Investments Ltd
Nifty Outlook - Oil's retreat raises hopes by Geojit Investments Ltd
Nifty Outlook
The consecutive falls that resigned Nifty to a close below lower bollinger band on Friday raises the prospects of a mean reversion move, especially with the 20 week SMA at 23741 providing support. However, weekly oscillators are not positioned to support vertical rise. Towards this end, we will look for a close above the 23820-955 region, to negate the tendencies towards a plunge to 23500 or 23200.
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