The turn of events is consistent with our reading of oscillators, we prefer to be watchful near 17800 - Geojit Financial
NIFTY OUTLOOK
While anticipating a turn higher from the17680 region yesterday, our favoured view was a quick return to the 18100 trajectory. While the objective would still be in play, we feel a consolidation would prevail over upside attempts. Though the turn of events is consistent with our reading of oscillators, we prefer to be watchful near 17800, for shift in momentum.
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Banking index is likely to trade in line with the benchmark index today with support at 3780...