Nifty is likely to attempt to close above 15800, success of which could set the tone for the week - Geojit Financial
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Nifty Outlook:
The downside marker of 15885 held to perfection on Friday, but the slippage having occurred in the second half of the day, the inference is that there is still a quest for bargain hunting, rather than an eagerness to look beyond 16000. This is a failure move, forcing us to stare at the disappointing range of 15600-900 again until VIX rises substantially enough. Yet, within this construct, Nifty is likely to attempt to close above 15800, success of which could set the tone for the week.
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