Nifty turned lower exactly from the 18020 barrier suggested yesterday - Geojit Financial
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NIFTY OUTLOOK
Nifty turned lower exactly from the 18020 barrier suggested yesterday. The expectation was a subsequent breach of the same. That this did not occur, suggest that the least resistance was enough to keep the upside attempts honest. We will continue to expect the ongoing momentum to take Nifty as far as the 18170-400 region before distribution strengthens. The 17350 view will be revisited once this move unfolds, but will be forced to revert to it if 17760 gives away today.
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