The recent wild swings have helped form a flag pattern that projects a vertical rise shortly - Geojit Investments Ltd
Nifty Outlook
The recent wild swings have helped form a flag pattern that projects a vertical rise shortly. However, should we stumble again in the 26200 vicinity, the upside hopes will have to be abandoned. We will go in today on a positive note, but expect upsides to strengthen only once past 25840. Alternatively, inability to float above 25700 could signal loss in upside momentum, but we will wait for a slippage past 25590 to switch sides.


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Nifty immediate support is at 25500 then 25400 zones while resistance at 25700 then 25850 zo...
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