Market Watch : Nvidia results evoke tech slow down. Will Nifty buckle trend and swing higher?

2024-08-29 09:27:08 am | Source: Geojit Financial Services

Market Watch : Nvidia results evoke tech slow down. Will Nifty buckle trend and swing higher? - Geojit Financial Services Ltd

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Nifty

Nifty Outlook While a minor penetration of 24970 unfolded in the early hours, it did not stop Nifty from swinging higher to 25075 on expected lines. The push above the same could not sustain though, with the intraday peaks crumbling under the weight of profit booking towards close. This forces Nifty to ask support from 24970 again, but favoured view expects penetration of the same, aiming for 24870, which should slow down the pace of declines, but 24770/700 also stands exposed. However, a direct push above 25060 early in the day would signal regrouping of bulls, and an attempt to scale 25150.

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Market Watch : Nvidia results evoke tech slow down. Will Nifty buckle trend and swing higher? - Geojit Financial Services Ltd

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