Nifty retired to the lower extremity of the 15625-700 band that we had drawn out for the day - Geojit Financial
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Nifty Outlook:
After the surge in the initial hour of Friday, Nifty retired to the lower extremity of the 15625-700 band that we had drawn out for the day. The upswing that evolved thereof could force a higher opening today, but we are seeing increasingly more bear signals. Divergences are beginning to appear more potent with every passing day. While they are not enough to dismiss the 16040 trajectory, we are weighing in a higher possibility of revisiting the 15500s this week. We will be quick to abandon the downside plays today, if 15770 is cleared though.
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Market Quote 30 August 2021 by Vinod Nair, Geojit Financial Services
