This suggests that a Pull back above 14870 - Geojit Financial
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Nifty Outlook:
The bearish overhang we expected yesterday was so persistent that Nifty traded at the lowest point of the week in the closing hour. But yet, the falls all through this week, despite big enough, do not appear to have formed bearish continuation patterns. This suggests that a pull back above 14870 will bring bulls back into business aiming for 14950-15090 initially, with an eye on 16000 again. Alternatively, inability to close above 14870, will be a signal towards a 13800 move, which for now is a low probability event.
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