While marking the breakout extremities yesterday - Geojit Financial
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Nifty Outlook:
While marking the breakout extremities yesterday, we had also noted 15080-114 region as a critical barrier for bears to defend, so as to retain the 14600 view. Incidentally, Nifty turned lower from 15111.15, but the close above 14950 is suggestive that bulls are about to wrest the advantage from bears and aim for the 15900s. While we are at it, we would be watchful at 15250, as well as in the 14900s for signs of bears regrouping.
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