Market Watch: Trump`s 25% tariff to force a lower opening by Geojit Financial Services Ltd
Nifty Outlook
Though the upswings did not stretch as far as 24960, rejection trades did evolve soon after breach of 24900, raising fears of a retest of 24650. Upswing attempts that are usually set off following a downside gapped opening, are expected today, and we see 24788 as an important pivot. Should 24650-600 region give away, expect 24450, but a sustained downside is less expected today. Alternatively, ability to float above 24788 will be seen as a positive sign, but it would require a breach of 24960-25050 band to play a 25330 move.
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Quote on Market Wrap by Mr. Ajit Mishra - SVP, Research, Religare Broking Ltd
