Market Watch: Equities rise, but US Jobs data eyed - Geojit Financial Services Ltd
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Nifty Outlook
The swing to 22650-700 followed by the consolidation evolved on anticipated lines, thus invalidating the prospects of a potential drop to 22480. This turn of events has the potential of breaking free off the range trading bias which we had outlined at the start of the week. Such a scenario sees Nifty testing 22880-950 or run all the way to 23200. Alternatively, inability to float above 22660-20 region could signal a weak bias, with eyes on 22480-280.
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