The multiple attacks on 18210, is an indication of a bullish build up that could see 18385-485 objective being achieved - Geojit Financial
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NIFTY OUTLOOK
Though yesterday’s swing higher did not gain as much momentum as expected, the multiple attacks on 18210, is an indication of a bullish build up that could see 18385-485 objective being achieved. Our near term downside view of 17350 will thus be challenged in the coming days. But there are not enough signals for a run away rally as yet, and we would continue to keep the 18602-650 band as a decider before pledging more on the upsides. Meanwhile, inability to push above 18335/385 could hint that upside momentum is declining.
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