We would be prepared to take it as a weak sign, that could threaten the Jan low of 13596 - Geojit Financial
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Nifty Outlook:
We had gone in yesterday aiming 14090, but the turn higher from 14192 encourages us to look at the prospects of a relief rally aiming 14450/70 or 14550. The prospects of a vertical rise is low though, and we will start today with a very cautious eye on 14300, and if Nifty is unable to float above the same, we would be prepared to take it as a weak sign, that could threaten the Jan low of 13596.
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