After a brief penetration of the March low of 14264.4 yesterday - Geojit Financial
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Nifty Outlook:
After a brief penetration of the March low of 14264.4 yesterday, Nifty recovered in the last hour, to close well above, encouraging us to look at the bounce back potential to 14425-45 or beyond. However, given the month long distribution that preceded yesterday’s fall, we feel there could be more waves of downsides, earliest indication of which could be a pause in the 14360-95 region early today. That should set up Nifty for 14170-60 initially and 13700 later.
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