Market Watch: Yesterday`s second-half selling calls for caution by Geojit Financial Services Ltd

Nifty Outlook
After spending the first half inside the 24697-809 band we had pencilled in yesterday as the upside objective, a drop ensued, signalling rejection trades. Hence, though Nifty ended above 24550 towards close, we are not as optimistic as yesterday. A push back above 24670 will interest us again on the upside hopes, but the downside objectives of 24200-24075-23860 is back into the radar, calling for higher caution than earlier.
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