Market Watch : Fed expected to cut rates - Geojit Financial Services Ltd
Nifty Outlook
Though the dip and the turn higher thereafter from the 24630 region evolved on anticipated lines yesterday, the rise in VIX is suggestive of caution. This sets up room for extended consolidation with prospects for further slippages. We will keep the 25600 hopes alive though, with downside marker placed in the 24480-400 region. Meanwhile, we expect early trades to be swing within the 24540-700 band.
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