Market Radar: The consolidation that was expected yesterday in the 18096-18040 - Geojit Financial Services
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Nifty Outlook
The consolidation that was expected yesterday in the 18096-18040 region turned out to be brief, with Nifty persisting withthe upside bias mostly for the rest of the day. The closing hourdid see sharp pull back, which rings in caution. But we areinclined to expect consolidation inside 18040-17940 rather thanan outright collapse. Slippage past this band would force us toreconsider 17670, while the prospects of 18400 would be up,should slippages manage to be contained within the 18040-17940 band.
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