Market Watch: Fed signals more room for rate cut this year - Geojit Financial Services Ltd

Nifty Outlook
Favoured view expect volatility within the 23100-22730 band, with a pull back below 22800 favoured as the sizeable move as long as early upticks do not clear 23100. Meanwhile, we continue to eye 23807 as the short term target, with intermediate resistance spotted in the 23460-500 vicinity. However, slippage below 22730 could signal a near term down move.
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Post-Market Comment by Mandar Bhojane, Research Analyst, Choice Broking


