The day long decline on Wednesday, after testing 16700, suggest that the negative divergences that we had discussed multiple times early this week - Geojit Financial
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/08/dc909ad58a66cdffb45422b1df173155.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
NIFTY OUTLOOK
The day long decline on Wednesday, after testing 16700, suggest that the negative divergences that we had discussed multiple times early this week, may have become less potent now. This allows Nifty to attempt a recovery early today, aiming 16425. The 17130 view remains intact, but with 16550 and other challenges lying ahead, we would not get ahead of ourselves at this point. That said, the ongoing down-move can easily stretch till atleast 15970, and we are attempting only a reversal play today. However, favoured view seeks to look for any decline in momentum in 16425-550 region on the bounce, or a direct fall below 15260 to put that downside objective in play.
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
![](https://portfolio.investmentguruindia.com/uploads/news/Monarch networth.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Mphasis 04.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/indu26.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/jainam share consultant.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Economic26.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/OpenAI26.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Nirmal bang.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Nirmal bang.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/rbi.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Industry_123.jpg)
Top News
![](https://portfolio.investmentguruindia.com/uploads/news/696333f9a0e56b18c88319765c72db67.jpg)
Saira Banu remembers Lata Mangeshkar on 94th birth anniv: 'Her art will be cherished forever'
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/f6904419b2f1cb985436195010d0ee3d.jpg)
Trend reversal in FPI investment from buying in last 3 months to selling in Sep
![Weekly market outlook : The market is eagerly awaiting data on inflation and industrial production to provide further guidance Says Vinod Nair, Geojit Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/5f1fa5f12be5ac87ff9258ea3909f0f8.jpg)
![Agri Commodity Technical Report 08 September 2023 - Geojit Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/78ebd3eb6e6e6e2242e60a73db93a332.jpg)
More News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/08/0af300fc6d8dc8fd82385fbf3d9ea42e.jpg)
Morning Market Quote : Brent crude falling to $94 and steady buying by FIIs augur well for t...
![Morning Market Quote : After a gap down opening, domestic indices were lifted by positive global peers Says Dr. V K Vijayakumar, Geojit Financial](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/06/5593783b1ce8ea35e3690ef8fa510534.jpg)
![Daily Market Commentary : Nifty opened a gap up and crossed its key milestone of the 22,000 zone says Mr. Siddhartha Khemka, Motilal Oswal Financial Services Ltd](https://portfolio.investmentguruindia.com/uploads/news/Broker _19.jpg)
![The index started the week with a positive gap (22530-23338) and logged a fresh All-time high - ICICI Direct](https://portfolio.investmentguruindia.com/uploads/news/ICICI Direct IMAGE.jpg)