2025-05-06 09:32:13 am | Source: Geojit Financial Services Ltd
Market Watch : Nifty eyes 25k, even as border tensions simmer - Geojit Financial Services Ltd
Nifty Outlook
Another day with enthusiastic opening moves ended with a long upper wick. This reflects an unwillingness to chase prices higher, while also signalling distribution. Towards this end, we will lower the upside targets to 24770-850. The day’s downside marker may be placed in the 24400-350 region, while slippage past 24280 could mark the start of a 23670-23460 plunge. The odds of the same appear low at this point though, as maintained yesterday, but we remain cautious.
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