Buy CEAT, sell Sun Pharma, says Sacchitanand Uttekar

Nifty outlook and top technical calls from Sacchitanand Uttekar of Tradebulls Securities

Nifty outlook and top technical calls from Sacchitanand Uttekar, AVP – Technical (Equity) at Tradebulls Securities:
 
Nifty Outlook
 
Despite diminishing momentum index continues to scale higher. On the daily scale a breach below the psychological level of 10,000 could distort the sequence while a move above 10,150 on a close could revive the momentum back. Due to the ongoing earnings season, stock specific action could continue but most of the index participants are showing diminishing strength. As we expect the seasonality effect to be witnessed in the current series we advise participants to book profits where ever possible