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Nifty Outlook and few trading ideas by Chandan Taparia, Derivatives and Technical Analyst at MOSL:
Nifty index opened positive and negated its formation of lower highs – lower lows of last four trading sessions. It witnessed a bounce back move after the sharp decline of the last week and closed the session near 9,800 zone with the intraday gains of 83 points. It formed a bullish candle on the daily chart and managed to move back near to its 50-DEMA. Now index has to continue to hold above 9,775 zone to witness an up move towards 9,860-9,880 zones which is the
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