IGI Logo

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.

To Read Complete Report & Disclaimer Click Here

For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer 

SEBI Registration Number: INH200000345

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer