Nifty Outlook -[Test] Broader Trend remains Weak; Pullback Possibility Emerges by Geojit Investments Ltd

2026-09-29 10:16:01 am | Source: Geojit Investments Limited

Nifty Outlook -[Test] Broader Trend remains Weak; Pullback Possibility Emerges by Geojit Investments Ltd

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Nifty Outlook

Nifty slipped below its lowest level since June 2026, forming a large bearish Marubozu candle and extending the decline to the eighth straight week. With momentum indicators entering the oversold zone, a near-term pullback towards 23020 cannot be ruled out. However, the broader trend remains weak unless 23150 is reclaimed. While a break below 22600 appears less likely today, any such move could accelerate the decline towards the 21800 region.

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Nifty Outlook -[Test] Broader Trend remains Weak; Pullback Possibility Emerges by Geojit Investments Ltd

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