2026-01-09 09:37:55 am | Source: Geojit Investments Ltd
Market Watch: Traders eye US jobs data for rate cut cues by Geojit Investments Ltd
Nifty Outlook
Short term oscillators being oversold, and being in the vicinity of 30 December’s low, it will not be surprising if a turn high is attempted, as long as 25878 is not penetrated by much margin. Alternatively, slippage past 25776 would have to be taken as a sign that Nifty is coming off a sideways trading range that has been on since November 2025, prompting us to consider possibilities of sharper fall, with 200 day SMA positioned deep at 25039 now.
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