Market Watch : Brace for an IPO filled week by Geojit Financial Services Ltd

Nifty Outlook
While 25670 put a pause to Friday’s surge on anticipated lines, a significant number of Nifty50 constituents pulled back swiftly from their respective peaks. This raises the potential for a consolidation this week. Dips thereof may be held above 25550 initially, but for the week, we will keep 25440 or 25300 as the downside marker, as the near term objective of 26200-26500 continues to be in play.
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