Nifty Outlook - NSE IPO listing in focus by Geojit Investments Ltd
Nifty Outlook
Despite positivity throughout yesterday raising hopes of a vertical spike aiming 23760 or more, the 23490 region continued to keep a lid on upsides. Also, the trading range remained the same as the previous two days with VIX falling over 22% from the month’s peak. This raises the odds of surprise rise in volatility. Inability to float above 23490 or slippage past 23260 will raise the odds for a drop to 22600-21800, but downside marker for such a view may be placed near 23116 for now.
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