Today we should find ourselves within the 15580-650 range objective that we had set out with yesterday - Geojit Financial
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Nifty Outlook:
Today, we should find ourselves within the 15580-650 range objective that we had set out with yesterday. The 15650/80 region could appear as a spot of bother, but we believe that the ongoing burst could take us all the way to 16040 before serious declines. Nevertheless, it is prudent to have a trailing stop, and we will have our downside marker at either 15515 or 15460. Meanwhile, the real risk to traders would be the decline in volatility, which not only reduces trading opportunities, but could also catch them by surprise, in the event of a spontaneous move.
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