The positional trend and the overall trend has been down, but we need to see whether this 23,500 is holding on closing basis or not because the FIIs long to short ratio has reached to the oversold territory in the index future.
Nifty may hit 24,060 before recovery, IT breakout imminent: Geojit’s Anand James
Despite Friday’s recovery attempt, technical charts are painting a cautious picture for Nifty in the coming week. Anand James, Chief Market Strategist at Geojit Investments
June 15, 2025