We had gone back to reconsidering the 16000 view yesterday - Geojit Financial
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Nifty Outlook:
We had gone bammmmck to reconsidering the 16000 view yesterday, with interim objectives of 14770 and 14900. We are likely to exceed the second objective today, but prospects of this move evolving into a breakout rally will be acutely challenged by 15030. However, as long as we don’t close below 14690, we are confident that the inside bar formed yesterday will encourage traders to stay long and aim for last week’s high of 15176.5 as the first step.
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