Market Watch : Asia up. Nifty needs fresh cues to further upsides - Geojit Financial Services Ltd
Nifty Outlook
While we are content to have reached the target range that has been in play for over a week, the potential for even larger upside remains a fair possibility. However, having closed above the upper bollinger band while also within touching distance of the 50 sma for the first time since early January, we are tempted to consider the possibilities of a downswing first before a close above 23789 is seen. If dips thereof are contained above 23550, expect spikes to, but not exceeding 24020 or 24226.
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