Market Watch: Asia struggles, but Nifty eyes 24000 ahead of June derivatives expiry by Geojit Financial Services Ltd
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Nifty
Nifty Outlook With our downside marker of 23640 holding, the ongoing uptrend pushed beyond 23830 yesterday. We had placed only low odds for this events yesterday, for fears of a mean reversion move unfolding. We retain such fears today as well, but if Nifty continues to float above 23800, our initial pivot for the day, then expect continued upsides towards 23960-24130 or 24230. Despite the large upsides recently, downside set up does not look to gain momentum today, with key marker placed at 23680.
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