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Nifty Outlook
Yesterday, we ran the risk of having our downside marker at 24900, which was close enough to get triggered, but the preferred positive expectations had enough to merit to attract momentum and take us a step closer to our initial target of 25390. That said, we are about to enter a region which has triggered rejection trades lately. This prompts us to pull up the downside marker to 25040, and wait out a potential turbulence. Direct rise above 25234 could however clear upside trajectory though. However, direct fall back below 25040 could deflate upside momentum, though an outright fall to 24370-23900, seen as worst case objectives, may not unfold in a hurry.

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