 "Nifty outlook and top three trading ideas by Chandan Taparia of MOSL")
Outlook:
Nifty index opened positive but failed to hold its gain and corrected towards 9,900 zone. It closed positive for third consecutive session and has been making higher highs – higher lows on the daily chart. Recently index rallied from 9,685 to 9,947 and formed a Spinning Top candle on the Daily scale which indicates that bears again started to fight to restrict it positive momentum. Now if Nifty index sustains below 9,880, then some profit booking could drag it towards 9,820 to 9,775 zones, while a hold above 9,928-9,950 could drive the fresh up move towards 10,000-10,050 zones.
Stocks:
INDIABULLS HOUSING FINANCE
Reco:
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