The formation of an evening star pattern is a bearish sign, but, this doesn`t look potent enough to cause a range breakout on the lower side - Geojit Financial
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Nifty Outlook:
Bulls were able to re group as expected yesterday. The formation of an evening star pattern is a bearish sign, but, this doesn’t look potent enough to cause a range breakout on the lower side. A push above 15856 will be enough to signal the onset of positive bias. As long as it Nifty does not slip much away from the same, we would be aiming for 16020- 50 today.
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