Market Watch: US Jobs data revives rate cut hopes

2024-05-10 09:03:40 am | Source: Geojit Financial Services Ltd

Market Watch: US Jobs data revives rate cut hopes - Geojit Financial Services Ltd

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Nifty Outlook

With the day closing near our downside objective of 21920, the stage is set for atleast a dead cat bounce. Such a scenario sees resumption of selling pressure on pull back to 22090, aiming 21500, with low potential for pause near recent low of 21778. Alternatively, direct rise above 22090, will signal weakening of bear grip, but we will wait for a push above 22175 to weigh the prospects of playing a 22400 run.

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Market Watch: US Jobs data revives rate cut hopes - Geojit Financial Services Ltd

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