Market Watch: Asia follows US higher - Geojit Financial Services Ltd

Nifty Outlook
Though the bearish engulfing candle calls for extension in downtrend, aiming 22840 initially, the consolidation in the closing hour which was spread across broader market leaves sufficient room for a recovery push today, either to 23220 or 23430. Hopes of such upswings would be negated if early trades fail to float above 22940.
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