Market Watch: S&P retains positive outlook for India by Geojit Financial Services Ltd

Nifty Outlook
Though yesterday’s upswing also stalled after reaching 24670, the positioning of the oscillators as well as the reversal patterns that are about to mature in shorter periodicities encourage us to stick with the upside view. This keeps the 24850-25000-25200 objectives still in play. However, slippage past 24540 today might force us to abandon the upswing hopes, though a direct fall to 24000 looks less likely today.
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