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Market Watch: Consolidation continues - Geojit Financial Services Ltd
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Nifty Outlook
The reluctance to float above 24650 early yesterday sparked a slippage as feared, but it lost momentum as soon as the first downside objective of 24530 was achieved. The turn higher thereof from the key support is encouraging, but we will still need a direct rise above 24740 to stay with the 25262-25600 trajectory. Else, expect a consolidation, or a slow decline to 24420/380.
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Nifty has an immediate resistance placed at 24400 and on a decisive close above expect a ris...
