Nifty Outlook - Oil's rise keeps markets on edge by Geojit Investments Ltd

2026-07-20 09:50:06 am | Source: Geojit Investments Ltd

Nifty Outlook - Oil's rise keeps markets on edge by Geojit Investments Ltd

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Nifty Outlook

Friday’s range breakout followed multiple days of lacklustre trades with successive days of decline in trading range. A triangle formation thereof was also supportive, but we are not convinced that this has marked the beginning of a sustainable uptrend. We see 24400 posing a challenge today, but dips are expected to be bought as long as above 24140. That said, we will wait for direct rise past 24600 to look beyond the ongoing consolidation and plan for a new record peak.

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Nifty Outlook - Oil's rise keeps markets on edge by Geojit Investments Ltd

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