IGI Logo

Nifty Outlook:

Inability to float above 14900 on Friday, has taken out the momentum off the week’s upsides. Since coming off the record peak of 15431.75 on 16th Feb, all attempts to recapture 15000 have been either short lived or failure. This suggests that a month long distribution phase has been on, signalling sharp falls. We will go in today expecting the 14760-600 region suggested on Friday to contain bear moves, but break beyond the same could be seen as a set up for falls aiming Mar low of 14264 or Jan low of 13596.

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