Nifty outlook and stock calls for today's trade by Tradebulls

Nifty outlook and stock calls by Sacchitanand Uttekar, AVP – Technical (Equity) at Tradebulls:
 
NIFTY OUTLOOK:
 
Occurrence of consecutive Doji’s reflects the ongoing mood of the market. Neither the bulls nor the bears are confident at the current juncture. Increasing IV’s (Implied volatility) & PCR at 1.30 coupled with the resistance faced around the 61.8% (10340) & 78.60% (10405) retracement zone of the previous down move highlight a good probability of the trend eventually turning in favor of the bears. Highest CE OI remains firm at 10,500 while PE OI around 10,300 could be a make or break