Friday`s attempt to reverse a 3 day decline from the record peak proved to be too weak to attract momentum - Geojit Financial
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NIFTY OUTLOOK
Friday’s attempt to reverse a 3 day decline from the record peak proved to be too weak to attract momentum. But a tweezer bottom formed thereof, near 18040 suggests that bulls are still in the game and may have laid the platform for a swing higher today. This could ideally aim 18385-485. However, the prospects of downsides aiming 17350 will continue to be our near term view, as long as the ongoing recovery attempts do not breach the 18602-650 band. Inability to float above 18210 early today will also have the same effect.
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