2026-05-22 09:35:50 am | Source: Geojit Investments Ltd
Nifty Outlook - US-Iran peace efforts continue to sway equity markets by Geojit Investments Ltd
Nifty Outlook
The sharp turn lower yesterday from 23860 reminds us that the trading range that persisted over the previous seven days, remain. However, despite the disappointing close, Nifty succeeded in closing above the 10 day SMA for the first time since 8th May. This encourages us to start the day on a positive note and play for a breakout move aiming 23900-24430. Alternatively, inability to float above 23600 will negate such hopes, though a collapse is less expected.
For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer
SEBI Registration Number: INH200000345
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or
investment advice. Investments in financial markets are subject to market risks, and past performance is
not indicative of future results. Readers are strongly advised to consult a licensed financial expert or
advisor for tailored advice before making any investment decisions. The data and information presented
in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the
content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
SELL USDINR MAY @ 96.4 SL 96.6 TGT 96.2-96.
US firm Capital Group invests heavily in Adani compa...
MCX Crude oil June is likely to move in a wide range...
New CEO has 'hands full' of challenges, says Air Ind...
Productivity means resilience, innovation and inclus...
Daily Technical Report 22nd May 2026 by Axis Securit...
Consumer sentiment rises at sharpest pace in 1 year ...
Commodity Intraday Technical Outlook 22nd May 2026 -...
Seoul shares open tad higher on overnight Wall Stree...
Copper trading range for the day is 1324.6-1362.6 - ...
