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Nifty outlook and top stock picks by Chandan Taparia, Derivatives & Technical Analyst, MOSL:
Outlook:
Nifty index opened gap up, tested the support of 10141 zones and recovered towards 10200 zones. However it got stuck in a range in second half of the trading session ahead of expiry and formed a Doji candle on the daily scale which implies indecisiveness in the market. Now it has to hold above 10141 to extend its bounce towards 10276 then 10333 zones while on the downside supports are seen at 10080 and 10050 zones.
Stocks:
ASIAN PAINTS
Reco: BUY
Outlook:
Nifty index opened gap up, tested the support of 10141 zones and recovered towards 10200 zones. However it got stuck in a range in second half of the trading session ahead of expiry and formed a Doji candle on the daily scale which implies indecisiveness in the market. Now it has to hold above 10141 to extend its bounce towards 10276 then 10333 zones while on the downside supports are seen at 10080 and 10050 zones.
Stocks:
ASIAN PAINTS
Reco: BUY
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