Nifty needed to push above 15130/70 to confirm its intent - Geojit Financial
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Nifty Outlook:
We had noted yesterday that Nifty needed to push above 15130/70 to confirm its intent. But, though Nifty fell well short of achieving this, the pull back that ensued reflects more of a consolidation, as our downside marker of 14870 remained intact. To this end, we retain our upside hopes, along with the downside marker, but we also feel that a consolidation with negative bias may persist for another day.
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