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Market Watch : Central bank decisions, earnings to guide markets - Geojit Financial Services Ltd
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Nifty Outlook
The vertical rise on Friday seeks to shrug off bearish vibes and set path for a run towards 25800. However, MACD which slipped below signal line last week, is yet to turn back in, retaining some bearish momentum, which needs to be guarded against, today. This prompts us to keep the downside marker at 24750 below 24100-23670 will stand exposed again. However, intermediate supports at 24600- 530-450 shall step in to avoid a collapse.
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