Market Watch : Weak US data revives fears of economic slow down. Asia cracks - Geojit Financial Services Ltd
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Nifty Outlook
It felt as if Nifty was tied to a post for most part of the day, until a brief spike was seen in the second half. That the momentum did not sustain, resulting in a pull back below 25280 towards close prompts us to continue expecting slippages to 25200. A direct fall below 25070 could usher in downsides aiming for 24440 as the first downside objective, with 24800 offering to slow down proceedings. Retention of 25200 will however keep upsides hopes alive, but will continue to insist on an hour's close above 25280 to play the 25365-800 trajectory.
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Morning Nifty and Derivative comments 03 January 2024 By Anand James, Geojit Financial Services
