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Nifty outlook and stock picks from Chandan Taparia, Derivatives & Technical Analyst, Motilal Oswal Securities:
Nifty Outlook:
Nifty index continued its positive momentum and headed towards 10759 levels. It has formed a Bullish Candle on the daily chart which indicates that bulls are holding the tight grip on the market. It is forming higher highs – higher lows on daily scale from last three trading sessions which indicates that supports are gradually shifting higher. Now it has to continue to hold above 10680 zones to extend its move towards 10800 then 10830 zones while on the decline supports
Nifty Outlook:
Nifty index continued its positive momentum and headed towards 10759 levels. It has formed a Bullish Candle on the daily chart which indicates that bulls are holding the tight grip on the market. It is forming higher highs – higher lows on daily scale from last three trading sessions which indicates that supports are gradually shifting higher. Now it has to continue to hold above 10680 zones to extend its move towards 10800 then 10830 zones while on the decline supports
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