2026-08-20 09:03:00 am | Source: Geojit Investments Ltd
Nifty Outlook : Asian markets gain; Nifty eyes pullback by Geojit Investments Limited
Nifty Outlook
Nifty rebounded from the crucial Fibonacci support of 24060, with a bullish reversal candle taking shape on the 4-hour chart near the rising channel support, signalling a potential recovery. A sustained move above 24200-260 could extend the pullback towards 24380-24540. While the near-term structure has turned constructive, 24060 remains the key level to watch. Failure to hold this support may trigger a deeper decline towards 23575.
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