Technical

Technical outlook: Nifty will have to breach 8,500 for further rally

The past week's Nifty movement indicates the beginning of a bullish season. However, there could still be some consolidation at the 8500 levels, which will have to be surpassed for further rally. 

Stock-specific returns may prove better than index returns. The events to watch out for in the week would be the inauguration of Trump as US president and another set of corporate earnings. 

SAMEET CHAVAN, CHIEF ANALYST ­ TECHNICAL & DERIVATIVES, ANGEL BROKING

Read more at:
http://economictimes.indiatimes.com/articleshow/56583440.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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