Market Watch: China trade talks revive risk appetite, but US Jobs data later today retains caution

2025-05-02 09:39:40 am | Source: Geojit Financial Services Ltd

Market Watch: China trade talks revive risk appetite, but US Jobs data later today retains caution - Geojit Financial Services Ltd

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Nifty Outlook

Persistent inability to close above 24359, is a warning sign, but bargain hunters appear equally eager as is evident from the long lower wick on majority of the last six days. While standard deviation studies point to extension of uptrend beyond 25000, oscillators have been softening, signalling lack of strength, prompting us to keep the downside marker in the 24190-119 region. The support levels identified below are 24070-23950, and then 23670.

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Market Watch: China trade talks revive risk appetite, but US Jobs data later today retains caution - Geojit Financial Services Ltd

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