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Market Watch: BoE keeps rates unchanged. Nifty poised for a feeble bounce back - Geojit Financial Services Ltd
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Nifty Outlook
The presence of several moving averages as well as key fibo supports near 23859 had encouraged us to bet on a close above the same yesterday. We are a due a pull back as a follow through move today, but expect a turn lower again from the 24070-24100 region. Upside hopes will rest on the ability to float above 23950 after such declines and we are looking forward to the same. Else, 23610 and 23345 stand exposed.
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