While opening gains could be difficult to sustain, expect bargain buying interest to prevail as long as 18160 holds - Geojit Financial
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NIFTY OUTLOOK
While raising our bets yesterday on a rapid rise to 18500- 650, we had ear marked 18100 or 18250 as a point of interest, from where momentum could see a shift. Having breezed past 18100, the 18250 thus will be in focus today. Ongoing momentum could still push prices higher, towards which end, we could continue playing the upsides with the downside marker pushed higher to 18100. While opening gains could be difficult to sustain, expect bargain buying interest to prevail as long as 18160 holds.
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