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Nifty Outlook:

An inside bar formed in the closing hour had diluted the potency of a bear plunge that had evolved on Tuesday. However we will go in today, expecting continued downsides, with the first objective placed at 14125, as long as 14320 resist early upsides. Further, 14040-13935 region is seen as a potential turnaround point that might attract bulls. Directional falls await Nifty below the same, towards 13720-13596, and on the other hand direct rise above 14360 could neutralise the bears, though a vertical short covering rally is less expected today.

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