Market Radar: While offering little or no visibility on the upside prospects for thelast few days - Geojit Financial Services
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Nifty Outlook
While offering little or no visibility on the upside prospects for thelast few days, we had been systematically pointing towards theextent of downsides that were to follow. We would soon beentering the 18300-100 band which we had marked downyesterday. This region has the potential to either cool down thenerves, or to set off a powerful plunge that could revive talks of16800 again. However, favoured view expects a pull back towards18480-520 region first, performance at which region would becrucial for setting further moves. A collapse is not the mostfavoured outcome though
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