Market Watch : US treasury secretary downplays ratings downgrade. Global markets recover

2025-05-20 09:07:46 am | Source: Geojit Financial Services Ltd

Market Watch : US treasury secretary downplays ratings downgrade. Global markets recover - Geojit Financial Services Ltd

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Nifty Outlook

Though 71% of Nifty 500 constituents rose above previous day’s high, only 31% ended up closing above the same, reflecting rejection trades and unwillingness to chase prices higher. But with nearly 63% of them staying above yesterday’s VWAP, we will retain the upswing hopes for today, though upside expectations may be limited to 25192-235 on Nifty for now. However, as maintained yesterday, brace for declines, should the upswings fail to clear 25235 or if there is an outright breakdown past 24870/807 region.

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Market Watch : US treasury secretary downplays ratings downgrade. Global markets recover - Geojit Financial Services Ltd

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