Market Watch: Soft US inflation data lifts equities. But upsides appear capped - Geojit Financial Services Ltd
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Nifty Outlook
While it has been very encouraging to see 24530 offering firm support, the distribution seen on each attempt to clear the 24650-700 region is fast eroding the prospects of the 25262-25600 move. We continue to expect a consolidation, or a slow decline to 24420/380. More time spent under 24600 could improve the prospects of bulls regrouping.
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Market Morning inputs by Shrikant Chouhan, Head Equity Research, Kotak Securities
