We would pin our hopes on 16246/33 region to hold early dips and attempt a push towards 16320 or 16400 - Geojit Financial
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NIFTY OUTLOOK
Nifty closed almost a 100 points higher after testing our turnaround point of 16174 yesterday. This is encouraging, but not an outright signal towards directional upsides. We would pin our hopes on 16246/33 region to hold early dips and attempt a push towards 16320 or 16400. However, even such an upmove would still be within our broadening wedge expectation. In other words, volatility would continue to dominate.
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