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Market Watch: Upside momentum missing by Geojit Financial Services Ltd
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Nifty Outlook
For most part of this week so far, the lack of upside momentum had given the feeling that a distribution is unfolding that should lead to a sharp fall. However, we were content to mark this as a consolidation, as bargain hunting kept resurfacing on dips. Until 23145 gives away, we will persist with this approach. Meanwhile, expect swings on either side of 23400, with the first downside marker for the day placed at 23350. Favoured view expects key pivots to be broken today, but with low visibility towards a directional move.
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