Nifty gravitating towards 17400, but a collapse is less expected, for now - Geojit Financial
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NIFTY OUTLOOK
An internal trendline reined in yesterday’s late recovery attempts, which should force a lower opening today. However, unless those negative vibes keep prices submerged below 17650 beyond the first hour, favoured view expects a dash to 17790-820 initially and 18060 thereafter. Alternate scenario sees Nifty gravitating towards 17400, but a collapse is less expected, for now.
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