2026-08-13 09:14:42 am | Source: Geojit Investments Limited
Nifty Outlook : Food inflation pushes CPI to 19- month high by Geojit Investments Limited
Nifty Outlook
Yesterday’s swing higher from the 20 dma and the hammer formed thereof appears to have set up conditions to force a trend reversal aiming 24540-666 initially, followed by 24850- 25100. However, we expect a consolidation on approach to 24490. If this holds, upside prospects will reduce, but a collapse aiming 24240-24060, is less expected.
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