We had opened last week with a 14740 view - Geojit Financial
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Nifty Outlook:
We had opened last week with a 14740 view, which was subsequently extended to 14481. Having met both the targets, we are inclined to play a consolidation before riding on the next directional wave. Fulfilment of the targets allow for a pull back meanwhile, which could extend into the 14770-900 region, but a push beyond the same could complete the upside breakout of a flag pattern that the declines from the Feb peak is seemingly fitting in. This would also mean that the +16000 views are back in the radar.
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Trend reversal in FPI investment from buying in last 3 months to selling in Sep
