IGI Logo

Nifty Outlook:

Yesterday’s turn lower from the 15660 region, as well as the swing higher later from the 15528 vicinity evolved on anticipated lines. While, this keeps the 16040 view intact. a push below 15528 today would elevate yesterday’s doji formation to the status of a spinning top, that would confirm the bearish suspicions. However, we expect the measured objectives of 15476-15431-15388 to attract buyers and keep upside trajectory intact. A repeat attack of these levels would, however, have to be taken as a severe bear call. Alternatively,a push above 15618 could shrug off negative vibes, but directional upsides are less expected.

To Read Complete Report & Disclaimer Click Here

For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer 

SEBI Registration Number: INH200000345

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer