Nifty outlook by EpicResearch

Nifty posts a positive week as positive global cues, subdued global volatility and technicals look promising. A rebound from lower levels of around 10700 and a breakout from Triangle pattern along with a range of the week encompassing previous week’s indecision says a lot in term of the technical aspect of the price structure. A lot more decisiveness is seen in prices as compared to the previous week.

Global equity markets have seen a sharp pullback from their recent lows on the back of short covering rally. Post-Fed reserve comments, Upward push in Crude oil prices have lifted some hope for the economic sentiment being improved and global demand being firm. SPX rose almost 12% in last one month with half coming in January itself while Indian………

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Posted in: Indian Market Tips