Market Watch : CPI moderates to 3.16% in April, from 3.34% in March

2025-05-14 08:55:40 am | Source: Geojit Financial Services Ltd

Market Watch : CPI moderates to 3.16% in April, from 3.34% in March - Geojit Financial Services Ltd

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Nifty Outlook

Dips extended more than we anticipated yesterday. It required 24590-550 region, the recent breakout region to step in and limit further downsides. While the extent of slippage points to weakness, it is also consistent with volatility expectations. Towards this end, we expect a bounce back early in the day. However, such upswings may lose strength if unable to clear 24660-726, leading to a drop again to 24509-424.

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Market Watch : CPI moderates to 3.16% in April, from 3.34% in March - Geojit Financial Services Ltd

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