The close above 17220 calls for a higher opening today - Geojit Financial
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NIFTY OUTLOOK
The close above 17220 calls for a higher opening today. In line with our expectations that the rate of rise would be less obtuse in the coming days, favoured view expects a turn lower today, should there be a rapid ascent into the 17330-17500 region initially today. But, a slippage past 17145 or 16900s is highly unlikely, and major collapse theories may have to be on hold as prevailing uptrend looks to have steam until 18500.
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Going ahead, we expect the index to maintain positive bias and gradually head towards 44900 ...
