Yet another day for the bulls ended on a flat note - Geojit Financial Services
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NIFTY OUTLOOK
Yet another day for the bulls ended on a flat note, almost resembling an “abandoned baby” candle stick pattern. While this pattern normally signals reversal, it does not look fully formed,but does point to some bullish exhaustion. That all intraday dipswere consistently bought, keeps the 16800 trajectory intact, bu tfavoured view for the day expects bears to initiate efforts todominate, and make a play for 16330, should 16485 give awayearly today.
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