The 17700-780 view shall remain as long as Nifty does not close below 17180 - Geojit Financial
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NIFTY OUTLOOK
After heading into our target region of 17180-260 yesterday, the upswing eased off. The inside bar formed thereof assumes more importance, given the previous day’s marubozu, and seeks an end to the two day streak of downsides. So, the question today is about sustainability of uptrend, as a firm opening is a given. Favoured view sees 17700-780 as the end point of this move, but be sure to expect some challenge in the 17430-489 region. The 17700-780 view shall remain as long as Nifty does not close below 17180.
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