Market Watch : Fed comments drag global markets down - Geojit Financial Services Ltd

Nifty Outlook
We had noted our preference for a dip towards 23080-22975 yesterday but the premature turn higher, after dipping just below 23300 left the trend looking exhausted after crossing 23390. Meanwhile, 72% of Nifty 50 stocks are in the upper half of the bollinger band already, favouring a side ways move over a vertical rise. We will also be eying 23160-650 as an interim range until directional momentum emerges.
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