Nifty Outlook: Fuel price hiked, but Nifty aims to keep the week's gains by Geojit Investments Ltd

2026-05-15 09:17:45 am | Source: Geojit Investments Ltd

Nifty Outlook: Fuel price hiked, but Nifty aims to keep the week's gains by Geojit Investments Ltd

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Nifty Outlook

The rapid ascent yesterday that refused to stall at our objective of 23680 points to favourable momentum. However, being in the vicinity of the week’s peak, an attempt to consolidate could be seen. We will go in today eying 23910, the 10day SMA, with downside marker near 23600. Slippage past the same may not trigger a collapse though, but may lead to an extended period of consolidation.

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Nifty Outlook: Fuel price hiked, but Nifty aims to keep the week's gains by Geojit Investments Ltd

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