[ad_1]
Expert View: Nifty outlook
Posted by :- prashun talukdar
“Our stance yesterday was to ride the upsides until 17,770-17,850 before looking for signs of bears regrouping. Wayward VIX had refrained us from committing to a directional move even though the 18,600 trajectory has been maturing for a while now. This has been the reason for riding the recent moves pivot to pivot rather than embarking on an expansive move. From this perspective, we will go in today, with a downside marker pushed higher to 17,750, aiming for 17,975. While we are biased towards extending upside, we are equally mindful of a sharp long liquidation, should Nifty slip beyond 17,700 again,” said Anand James, chief market strategist at Geojit Financial Services.
[ad_2]
Source link
