The downside risk level may be pushed higher to 14665, for the opening hour, and trailed closer to spot, once 14840 is achieved - Geojit Financial
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Nifty Outlook:
Default bias is up, and we are poised to meet the 14800 objective suggested yesterday. Meanwhile, standard deviation studies point to either a rise in volatility, or a directional move that may last atleast 2 to 3 days. This means, we are likely to test and break the 14400-15000 range next week. Intraday, the downside risk level may be pushed higher to 14665, for the opening hour, and trailed closer to spot, once 14840 is achieved.
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