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Published on 24/12/2019 11:33:23 AM | Source: Motilal Oswal Services Ltd

We maintain our positive stance on market for an up move towards 12350 - 12400 levels - Motilal Oswal

Posted in Market Outlook| #Market Outlook #Motilal Oswal

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Nifty Outlook

Nifty index started the session with marginal loss on back of gap down opening in index heavyweight Reliance Inds. Index breached its sequence of making Higher Highs – Higher Lows of last seven sessions and concluded the day with marginal loss. It remained in a narrow range for most part of the session and formed a small green body candle on daily chart. Overall chart structure is strong and till the time, Nifty sustains above its support zone of 12150 – 12200, we maintain our positive stance on market for an up move towards 12350 - 12400 levels.

 

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