Market Watch : Data filled week pose challenges to upsides - Geojit Financial Services Ltd
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Nifty Outlook
The bounce off the 50 SMA and the close thereafter above the lower Bollinger band, both in weekly charts, hints at a vertical rise with a swing target of 25262. However, given the large gains of Friday, expect a slow down or a turn lower initially on entry into the 24030- 24420 region. If dips thereof are held above 23800, expect continued ascent, with intermediate challenges at 24420-24770.
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