The first hour sees 14840, we will not be keen to chase prices higher right away - Geojit Financial
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Nifty Outlook:
On Friday, we were hoping for a vertical rise to 14900 as the best case scenario. While this did not quite materialize, the dips were seen to be consistently bought encouraging us to expand our near term upside objective even higher to 15300. However if the first hour sees 14840, we will not be keen to chase prices higher right away, and would rather look for dips to 14700 to enter. Alternatively, inability to clear 14900 later, or a pull back below 14630 will be taken as a bear sign.
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