Market Radar: We had favoured consolidation yesterday within 18040-17940 - Geojit Financial Services
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Nifty Outlook
We had favoured consolidation yesterday within 18040-17940rather an outright collapse, because the structure that hadencouraged to keep playing for the 18400 objective was verymuch intact. While we had been cautiously optimistic, whileplaying the turn from 17800, a breach of 18400 couldencourage us to abandon such restraint and instead commiton a much stronger move aiming 18680, the 2 sd objective.We will push the downside marker higher to 18235, once wehead into the 18300-400 band.
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