The hurried selling in the closing hour, yesterday, could prompt a pull back early in the day - Geojit Financial
Nifty Outlook:
The hurried selling in the closing hour, yesterday, could prompt a pull back early in the day. Favoured view expects 14555 to resist upsides initially, but until Nifty slips below 14390, the 13800 view may not come into play. This leaves us with a higher potential for range trading in the forenoon, but a direct rise above 14640 could call for 14830, with limited visibility towards Target Stoploss S2 S1 PV R1 R2 538 - 547 523 520 526 533 539 546 854 - 860 835 827 836 844 854 862 159 - 164 152 151 153 156 159 162 139 - 136 146.5 136 139 143 146 150 Traders' corner Shooting star candle formed. MACD breaks above signal line. Doji candle formed Bounce from rising trendline support. * Recommendations are for 5 day holding period Notes TATACOFFEE NIACL CUMMINSIND NUCLEUS Stocks Sell at open or on rise to 144 Buy at open or on dips to 153 Buy at open or on dips to 844 Buy at open or on dips to 527 Actionable ideas could call for 14830, with limited visibility towards directional upsides.
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