After four consecutive days of positive close, Nifty has stepped into the overbought territory - Geojit Financial
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
NIFTY OUTLOOK
After four consecutive days of positive close, Nifty has stepped into the overbought territory. But, neither this, nor oscillator divergences seem potent enough to suggest a collapse yet. Towards this end, the day’s dips would initially aim to penetrate 17800, but 17725-680 region is favoured to prompt a swing higher, again, putting the 18100s back in the radar. We will wait for a close below 17530 to fully abandon upside hopes.
To Read Complete Report & Disclaimer Click Here
For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer
SEBI Registration Number: INH200000345
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
Tag News
Trend reversal in FPI investment from buying in last 3 months to selling in Sep
