2024-10-08 09:08:22 am | Source: Geojit Financial Services
Market Watch : US slips, Asia eyes China reopening - Geojit Financial Services Ltd
Nifty Outlook
We have now had six consecutive days of fall. Last such instance was in October 2023, which saw a reversal on the seventh day. VIX at that point had peaked to 13 levels, from the vicinity of 10 prevailing a week earlier. In contrast to that, VIX has now swung from 11.5 vicinity to 15, indicating that range expectations are higher now. While this allows for extension in downtrend towards 23900, recovery hopes, initially aiming 25100-25200 now rest on Nifty's ability to reclaim 24940, our yesterday's downside marker.
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