Few trading ideas by Sameet Chavan, Chief Analyst- Technical & Derivatives, Angel Broking:
Nifty Outlook:
Finally, after a consolidation of nearly three to four weeks, our markets showed some encouraging movement as we saw the Nifty marching towards its record high of 10,137.85. In fact, couple of valiant attempts to traverse this hurdle was turned down. Eventually, the Nifty managed to close firmly a tad below the 10,100 mark. The kind of activity we are observing since last three days is quite obvious as traders seemed a bit unsure whether the market has that much strength