Market Watch: Asia points to a cautious opening by Geojit Financial Services Ltd

Nifty Outlook
The 50 day SMA now positioned at 25013 stands in the way of a reversal move that appeared to have enough momentum to surge past 25200. We will continue to persist with upside hopes, as long as above 24850, but we do not think that a slippage past the same may evolve into a collapse. Favoured view expects upswings from the 24850 region to make limited headway, with 25013-25096- 25156 as the nearest challenges.
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