Nifty heading up or down?
“We are within touching distance of the 17600 mark that has been on discussion for that last fortnight. While the morning star pattern formed by hourly candles towards yesterday’s close, gives hopes of a bounce-back aiming 17950 and beyond, the inability to float above 17680 could cause some turbulence and thwart the potential for an outright rise.
However, if the subsequent turbulence does not force Nifty below 17580, upside prospects could brighten with time. Else, we may have to wait till at least 16900 before risk appetite improves,” said Anand James – Chief Market Strategist at Geojit Financial Services.
37,200 is an Important support for today in Bank nifty Index
- Max Healthcare Institute Ltd. has 2.54 million shares change hands in a large trade.
- Details of buyers, sellers are not known immediately.
Source: Bloomberg
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