We had marked 15176 as the upper bound for yesterday, which did hold initially - Geojit Financial
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Nifty Outlook:
We had marked 15176 as the upper bound for yesterday, which did hold initially, but couldn’t stand in the way of relentless buying interest that was bubbling through the day. The consequent run away move stretched another 100 points in the closing hour, stretching the gains to over 360 points from Tuesday’s close. This cautions against exhaustion setting in. Hopes of clearing the record of peak of 15431.75, hence faces a reality check today but we will wait 14920s or 14850 to be broken before switching to downsides. Favoured view expects early trades to swing on either sides of 15080, an important pivot for the day.
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