The reactionary bounce thereof should effect a close above 15760/90 region, inorder to raise the expectations towards 16130/350 levels again - Geojit Financial
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Nifty Outlook:
The consolidation within the parallel trading range of 15630-730 through the entire length of Friday has probably ended the impulse wave that originated at 15900. The reactionary bounce thereof should effect a close above 15760/90 region, inorder to raise the expectations towards 16130/350 levels again. Note that through most of last week, a low VIX environment had helped us look for swing trades within ranges rather than expect vertical falls. VIX is still not threatening yet, but a 25% rise from the lows late last week encourages us to look for directional moves this week.
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