Asia firm on Wall Street's rebound - Geojit Investments Ltd
Nifty Outlook
While the anticipated gap filling down-move aiming 25440 did not fully materialize, the brief slippage below 25500 is suggestive towards loss in upside momentum. That said, the consistent close near 25700 through last week suggests that there is enough buying interest to achieve our rebound target of 26020. Alternatively, inability to float above 25830 may be taken as a weakening sign, but we will wait for a slippage below 25580 to abandon upside hopes entirely today.
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