Market Watch : US yields jump ahead of Powell. Equities cautious - Geojit Financial Services Ltd
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Nifty Outlook
Reasonable upsides, followed by intraday supports rushing in to restrain downswings summarised yesterday. We are not far from the 24900-975 objective that we had set out with, early in the week, but we are inclined to play downswings today, especially if Nifty shows disinclination to float above 24817. Downside objectives are limited to 24700 though, with not enough momentum visible, that may be required for directional moves, for which we may have to wait for next week.
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Weekly Market Wrap by Amol Athawale, VP-Technical Research, Kotak Securities
