Market Watch: Nifty eyes tech earnings, US data for fresh cues - Geojit Financial Services Ltd
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Nifty Outlook
Downsides eased off on anticipated lines without penetrating 23400 yesterday. Even though the pull back thereof did not attract any momentum, the inside bar and the hammer formed in the last two days, encourages us to watch out for a potential upmove aiming 23900 or 24000. We will need a push above 23752 for confirmation though, while downside marker may be placed near 23630 or 23570. As maintained yesterday, an outright fall below 23263 may take a while to evolve, with major supports below seen at 23000 and 22260.
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