Market Watch: Nifty back to 50 DMA by Geojit Financial Services Ltd

Nifty Outlook
The 25215 region has forced a consolidation as feared, that now threatens to evolve into a strong down move. Slippage past 24900 could set an immediate objective of 24750-650. Further supports are near 24450 and 24000. However, with momentum low, favoured view expects downsides to slow down near 24900 initially, prompting sideways moves again, with upsides capped near 25130.
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