Market Watch: Selling momentum seen easing after 4 consecutive days of selling by Geojit Financial Services Ltd
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After testing the lower extremity of the 24370-507 range suggested for yersterday, the downsides appeared to lose momentum. Hence, even though the bounce back thereof was limited, there are anough signals to persist with a swing higher today to either 24507 or 24720-800 pencilled in as upside objectives yesterday as well. Bearish bets will now have to wait either for these levels to be achieved, or for a direct fall below 24370/340 again, to eye 24260-200-23900
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