Nifty outlook and stock picks from Chandan Taparia, Derivatives & Technical Analyst, Motilal Oswal Securities:
Outlook :
Nifty index traded in a range of 50 - 60 points throughout the session and closed near to its 50 DEMA. It managed to close positive after the decline of last five trading sessions and formed a small Bullish candle on the daily scale. However it continued its formation of lower highs – lower lows for last five trading sessions and needs to negate the same to get a short term stability. Now it has to hold above 10550 zones to witness an