This suggests an early onset of bullish exhaustion - Geojit Financial
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NIFTY OUTLOOK
Our downside risk level held to perfection, discouraging bears’ attempt atleast twice, yesterday. This suggests an early onset of bullish exhaustion, that was expected to emerge near 18060 initially. While we prefer to retain the upside hopes of 18500- 650, favoured view expects trading range to shrink first, followed by a vertical rise, as long as 17750/700 region holds downsides in the next few days.
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The 15730 region held yesterday`s upside attempts on anticipated lines - Geojit Financial
