Through last week, despite systematic slippage, we had rooted for a swing higher, and had identified 15775-685 region to provide a platform for the same - Geojit Financial
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Nifty Outlook:
Through last week, despite systematic slippage, we had rooted for a swing higher, and had identified 15775-685 region to provide a platform for the same. Towards this end, we had looking for a close above 15720 on Friday, to add to our positive bets. Having achieved such a close, we are lining up 16350 (again) for the week, with an intraday objective of 15870. Alternatively, pullback into 15740-720 region after the initial burst will soften the bullish expectations, and a fall back below 15580 will be a clear bear signal for 15090.
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