Market Watch: 25bps or 50bps cut? MPC to decide today by Geojit Financial Services Ltd

2025-06-06 09:31:32 am | Source: Geojit Financial Services Ltd

Market Watch: 25bps or 50bps cut? MPC to decide today by Geojit Financial Services Ltd

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Nifty Outlook

The sharp but brief spike to 24898 put the bulls briefly in action yesterday, but the close back into the consolidation band pencilled in for yesterday, suggests that rejection trades are equally strong. We will go in today eying fluctuations on either sides of 24700. Downsides appear limited for now, with 24598, 24500-398 and 24060 offering supports. Upside prospects will improve on an hour’s close or so, above 24850, in which case 25077-25235/460 could be eyed.

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Market Watch: 25bps or 50bps cut? MPC to decide today by Geojit Financial Services Ltd

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