Market Watch : Volatility resurfaces as expiry approaches - Geojit Financial Services Ltd
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Nifty Outlook
While yesterday's push higher was expected, the breach of 24350 and the volatility thereof, points to short covering adding more muscle to upsides, with expiry also fast approaching. This prompts us to shift the exhaustion point higher to 24540, from where a swing lower could be expected. Alternatively, if slippages manage to float above 24300 and force a push above 24540, expect a vertical rise to 25070 and beyond.
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