Market Watch : Ásia eyes China`s next steps on relief measures - Geojit Financial Services Ltd
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Nifty Outlook
Despite the disappointing decline in the momentum of the recovery move, towards the end of the week, Nifty settled above the 68% fibo of the recent low-high, keeping the positive structure alive. This, along with oscillators' positive divergence encourages us to continue hunting for upsides aiming 25390 or 25770 in an optimistic scenario. Our downside marker is now at 24900, and it may be possible that we head below the same at some point in the week, but expect 24880-830 to slow down the bears. Downside scenarios see 24370-23900 as objectives, but we are not in favour of a sudden decline.
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