2025-06-12 09:16:18 am | Source: Geojit Financial Services Ltd
Market Watch : India CPI expected to have fallen in May by Geojit Financial Services Ltd
Nifty Outlook
Soon after running up to the vicinity of 25235, our first objective, Nifty pulled back, reflecting the lack of momentum witnessed in the previous two days as well. Yet, we are inclined to believe that, the medium term objectives of 25460-26200 continue to be in play, and upswings will continue to unfold in the near term, as long as dips do not stretch beyond 25056. Alternatively, direct fall below 24900/863 could signal weakness, though we prefer to see past 24640 before switching sides.
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