Despite the alarming fall yesterday, the retracement of nearly 50% by close - Geojit Financial
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Nifty Outlook:
Despite the alarming fall yesterday, the retracement of nearly 50% by close, lends a neutral to positive bias for today urging us to wait for a couple of hours’ trade below 14570 before going all out bearish. Upside prospects are not very clear today, but, we are betting on Nifty stretching into the 14735- 855 region today. The 14590-610 region may act as a downside marker, and we will go in today with low expectations towards a directional move.
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