With opening dips reversing exactly from 16485, our turn around point for yesterday - Geojit Financial
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NIFTY OUTLOOK
With opening dips reversing exactly from 16485, our turnaroundpoint for yesterday, bears never got any chance for the rest ofthe day, keeping the trend firmly enroute 16800, the near termtarget set on Monday. This may get extended to 17000 or beyondin the coming days, but favoured view for the day expects bullsto be challenged on approach to 16690-710 region. While majorfalls are not expected unless 16485 gives away, the prospects ofthe same in the next week may rise, should Nifty find unable topush beyond the 16690-710 region.
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