Nifty rose yesterday on anticipated lines - Geojit Financial
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NIFTY OUTLOOK
Nifty rose yesterday on anticipated lines, but turned lower in the closing hour, just shy of the 17790 objective that we had lined up for the day. This was not entirely unexpected, but the prospects of a new peak soon, rest on the day’s ability to float above 17670. Inability to do so, could hasten the prospects of 17400, while also bringing 17000 into the radar. However, a collapse, is still not among the most favoured events.
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