Market Watch : US equities continue to slip, while treasuries rise - Geojit Financial Services Ltd
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Nifty Outlook
Yesterday's upswings were short lived as expected, with approach to 24650 the neckline, prompting rejection trades and putting Nifty back on to the 24200-23900 trajectory. But the long wick thereof, especially after several days of declines, points to a fair potential for recovery attempts again, even as oscillators remain oversold in short term periodicities. We have pencilled in 24370-507 as the initial range to watch out, for riding directional moves aiming 24720-800 on the upside, or 24260-200-23900 on the downside.
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