Yesterday`s bounce back having stalled near 17500 on anticipated lines - Geojit Financial
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NIFTY OUTLOOK
Yesterday’s bounce back having stalled near 17500 on anticipated lines, we will look for a push above 17550 region to seek bullish confirmation, in which case 18000 could be aimed for. However, patterns do not appear ready to launch Nifty towards this right away, and the favoured view sees hurdles in the 17620-750 region. If Nifty is unable to push much above 17550, early in the day, expect a consolidation inside the 17500- 17395 region. Collapse prospects remain low for now.
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