IGI Logo

Nifty Outlook:

The bullish exhaustion has been persistently on display in the last few days, and with yesterday’s dark candle, Tuesday’s spinning top has evolved into an evening star, a stronger bear sign. However, bull markets are usually prone to ignore bear signs, and several bear patterns have indeed met such treatment in the last fortnight. Towards this end, a close above 15700 could quickly bring the 16040 trajectory back in play. Inability to do so would raise the chances of the break of 15600 mark, which has held firm the face of three recent bear attacks of varying intensity. The downside objective in such a case would be 15310-140. A vertical fall is still not among the favoured views.

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