The 200-day SMA held firm; pullbacks lacked momentum

2026-02-26 09:24:16 am | Source: Geojit Investments Ltd

The 200-day SMA held firm; pullbacks lacked momentum - Geojit Investments Ltd

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Nifty Outlook

The 200 day SMA has persistently held firm in the last few days, even though the pull back thereafter never found enough momentum to set off directional moves. A repeat of the same is in play now. We will go in today, continuing to eye yesterday’s upside turnaround level of 25670 to confirm strength, in order to aim for 25900. Downside marker may be placed at 25530.

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The 200-day SMA held firm; pullbacks lacked momentum - Geojit Investments Ltd

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