Geojit Market Watch: Rate cut bets lift Asia, but caution persists ahead of US PCE by Geojit Financial Services Ltd
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Having fully achieved our downside objective of 22470, bearish axhaustion is likely so set in. Last hour's verticla pull ack is sign towards this end. We will still need a confirmation from consistent trades above 22550, in which case 22600-22780 could be played for. The alternate outcome, in the event of 22550 not holding, then an extended decline to 21900 could be in order. This though is not favoured today.
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Derivative data still indicates immediate significant bounds at 19700-19500 for the current ...
