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02-08-2024 10:23 AM | Source: Geojit Financial Services Ltd
Market Watch : Japan expects rate hike; US tech stocks` sell off continues - Geojit Financial Services Ltd

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Nifty Outlook

Repeated attacks on 24970 following a gapped up opening yesterday hints at distribution. Hence we begin the day with expectations of a slippages which if fail to be arrested within 24850, an extended down move aiming 24420, with 24750 and 24600 as intermediate supports may be planned for. Alternatively, a pull back above 24850 could put Nifty back on to the 25192-25800 trajectory again.

 

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