Nifty fall on gap down reversed early, stops bear control - Geojit Investments Ltd
Nifty Outlook
Despite the downside gapped opening on Thursday that dragged Nifty to a new recent low, the pull back thereafter in the initial hour itself was sufficient to avert a regrouping of bears. That traders adopted a risk on approach ahead of a long weekend raises our preparedness to play a 24400 move, should 22770 give away. But, until it is cleared, except more dips. Be warned that prospects of 21900-21600 will rise, if 22525 gives away, but such a collapse is less expected today.


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