The mean reversion play that we had discussed yesterday, evolved precisely on anticipated lines - Geojit Financial
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NIFTY OUTLOOK
The mean reversion play that we had discussed yesterday, evolved precisely on anticipated lines. We had also stated our preference for resuming the upside trajectory, should the 17660 region be defended. Yesterday’s close being not far from 17660, we will go in today, expecting an upswing. Potential for rapid ascent to 18500 is still bright, but, indecisiveness may be in the 17730-70 vicinity. Inability to float above 17730 could deflate the upside momentum for the day, but the chances of a collapse, appear small.
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