Market Watch : BoJ decision eyed - Geojit Financial Services Ltd
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Nifty Outlook
The turn lower from the 25600 vicinity was pencilled in as a possible scenario, but the drop thereof did briefly tempted us to pursue a larger fall. Incidentally, the 25400 mark that was pipped to swing prices on either sides did step in arresting further downsides. This suggests that the 200 point dip has allowed bulls to regroup and get back on to the 25800 trajectory. Alternatively, it would require a direct fall below 25320 or rejection trades from 25500 to signal weakness.
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