Market Watch : RBI rate decision today. Have held rates during the last 9 occasions - Geojit Financial Services Ltd
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Nifty Outlook
Having reclaimed 24940, the prospects of achieving our initial target of 25100-25200 has now improved. An inside bar formation yesterday gives more credence to reversal moves. While it is fair to expect a regrouping of bears soon, especially near 25200, we will be prepared to ride a quicker run up, once above, aiming 25390. Meanwhile 24940-880-830 region shall prevent a free fall, in the event of a turn lower again.
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Benchmark index is likely to trade volatile today. Index has support at 24100 - 24050 level ...
