While we had lined up 18100s as the objective, favoured view expects next few days - Geojit Financial
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NIFTY OUTLOOK
While 17745 held on anticipated lines, it required only half a day to breach the same, and resume the upside trajectory. While we had lined up 18100s as the objective, favoured view expects next few days’ moves to be large and the bulk of such moves to materialize overnight. We are heading into the upper bound in several of the oscillator readings, but it may take a few sessions for negative divergences to become potent enough to force a turn lower. For the day, consolidation band is expected be in the 17875-700 region.
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