This prompts us to stick with the 15950/16040 trajectory as long as above 15735 - Geojit Financial
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Nifty Outlook:
Though 15770 held yesterday’s late surge as expected, upside momentum continues to hold the upper hand. This prompts us to stick with the 15950/16040 trajectory as long as above 15735, and look for maturing of bear signals discussed yesterday, on the way up. Alternatively, direct fall below 15700 could be taken as an early sign of vulnerability.
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