A direct rise above 17300 will however set the trend firmly in path for 17600 and beyond - Geojit Financial
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NIFTY OUTLOOK
While betting low on the chances of a vertical rise, we have been expecting yet another downswing, while limiting the ongoing upmove’s expectations to 17300. Meanwhile, 17085 earmarked yesterday as well will serve as confirmation towards this end, a slow down in momentum on approach to 17300 or a slippage below 17155 will also be taken as an early sign towards a momentous drop. A direct rise above 17300 will however set the trend firmly in path for 17600 and beyond.
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