Market Watch: With no rate cut cues from Fed yet, markets eye US economic releases

2024-12-04 09:26:22 am | Source: Geojit Financial Services Ltd

Market Watch: With no rate cut cues from Fed yet, markets eye US economic releases - Geojit Financial Services Ltd

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Nifty Outlook
Yesterday's uptrend proceeded smoothly with no signs of hiccups, but we are now close to 24520, pencilled in yesterday as a pressure point. This will restrain us from chasing rallies, and look for dips. Inability to float above 24430 will confirm the indecisiveness, but supports at 24380-290-255 appear good enough to attract bargain hunting. However, the downside marker for the 24700 view may remain near 24150.

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Market Watch: With no rate cut cues from Fed yet, markets eye US economic releases - Geojit Financial Services Ltd

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