We had expressed our leaning towards upsides clearly yesterday - Geojit Financial
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Nifty Outlook:
We had expressed our leaning towards upsides clearly yesterday, suspending the 14600 views, and in turn lining up 15900s as the upside objective. Despite this, there were some nervy moments yesterday, and the successful defence of 14900s led to a relief rally in the closing hour. This should lead to a higher opening today taking Nifty inside 15250- 15431, a congestion region. Favoured view expects a few more episodes of confidence crises while within this region, but we are likely to see a new peak soon.
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