Geojit Market Watch: Rate cut bets increase. Poll results today by Geojit Financial Services Ltd
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Nifty Outlook
With no visible signs of exhaustion, we will pursue continuation of Nifty's upsides, which is poised for 23390-440-480 with the first burst, and 24130-700 in a wild case scenario. However, one may begin to be guarded against exhaustion, should Nifty fail to clear 23390-440-480 or on direct fall below 23190, which may expose 22490 or 21800 initially. This surmise is supported by the fact that despite the sharp decline in VIX, it is still well above 20 suggesting that an outlier is still expected.
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