Market Watch: Extension in EU tariff deadline revives sentiments by Geojit Financial Services Ltd
Nifty Outlook
A morning star pattern in daily charts, that has now followed a parallel consolidation in hourly charts backed by repeated support offered by the 24500 region, is suggestive of more gains to follow. This would mean that the nearest peak of 25235 may be overcome, projecting 25460 as the nearest objective and 26250 as an optimistic objective. That said, inability to push beyond 24950 would prompt us to revert to risk off mode, with downside marker placed at 24755. A collapse is not expected, but 24500 will stand in the way of activating a 24060 move.
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