We will go in today, expecting a test of the lower extremity of the 25700-26220 By Geojit Investments Ltd
Nifty Outlook
We will go in today, expecting a test of the lower extremity of the 25700-26220 range set early this week. Bearish bias should persist initially, but a large downside, with potential for 25500 initially, followed by 24571, the month’s low, will be brought into contention only if a fall and close past 25650 holds. Alternatively, ability to float above 25750 could signal easing of bearish momentum, but we would require a reclaiming of 25830/900 levels to signal positivity.

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