IGI Logo

NIFTY OUTLOOK

Two hammers formed in as many days may have allowed enough accumulation, to launch Nifty into the 17700-780 band, which was projected so far as the end point of the recovery rally that has been on since hitting 16782 on 29Nov. But, by late last week, we had begun considering levels much beyond 18000, and will approach the potential ascent to 17740/80 this week with this in perspective. The 17530 region naturally becomes an important pivot, in the event of volatility or a turn lower after breaching the 17700s, but we would continue to place our downside marker at 17430.

To Read Complete Report & Disclaimer Click Here

For More Geojit Financial Services Ltd Disclaimer https://www.geojit.com/disclaimer 

SEBI Registration Number: INH200000345

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer