Market Watch: Key ministries retained by Geojit Financial Services Ltd
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Nifty Outlook
The Turn lower yesterday is in line with the exhaustion suggested by standard deviation studies. However, the distribution therewith does not seem strong enough to embark on a 22600 move. Instead, the bearish bias is more likely to ease into a comsilidation mode, without breaking 23.50-22950 region, while making re attempts to resume uptrend. Alternate scenario for bullish case sees a direct rise above 23360, that would put Nifty back on to the 23530-24130 trajectory.
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