Nifty Outlook : Nifty at 10-Day SMA Support; Failure to Cross 23,920 May Trigger Fresh Downtrend by Geojit Investments Ltd

2026-06-24 10:23:32 am | Source: Geojit Investments Ltd

Nifty Outlook : Nifty at 10-Day SMA Support; Failure to Cross 23,920 May Trigger Fresh Downtrend by Geojit Investments Ltd

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Nifty Outlook

Though Nifty closed at the lowest point of the day raising the likelihood of extended slippages today, it also appears to have taken support at the 10 day SMA, raising hopes of a recovery attempt. However, if such attempts fail to clear 23920, expect resumption of downtrend aiming 23670/50.

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Nifty Outlook : Nifty at 10-Day SMA Support; Failure to Cross 23,920 May Trigger Fresh Downtrend by Geojit Investments Ltd

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