Break of 17220 could usher in a 100 point upmove at best, and a run a way rally is less expected - Geojit Financial
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
NIFTY OUTLOOK
While 17220 as well as 17045 performed on anticipated lines yesterday, both are likely to be in play again today. We had also suggested that the angle of rise from here on could be less obtuse, and yesterday’s decline from the top is in line with the same. This has left Nifty with more steam to rise again, which would be in play as long as 17045 is intact. However, we will go in today with limited expectations of a breach of 17220. There will be initial positivity nevertheless, but it could slow down once inside the 17145-17220 region. Break of 17220 could usher in a 100 point upmove at best, and a run a way rally is less expected.
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
More News
Nifty opened sharply lower with a downward gap and selling pressure throughout the session d...
