The opening burst suggests that buyers are pulling back, looking for better bargains - Geojit Financial
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Nifty Outlook:
The upside breakout move continues to be in play, but yesterday’s disinclination to push much ahead after the opening burst suggests that buyers are pulling back, looking for better bargains. Favoured view expects 15035-15010 region to offer such a platform, so that the uptrend is resumed without much delay. Slippage beyond the same could call for an extended period of consolidation raise the chances of a test of 14930/14900.
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