 "Illustration: Ajay Mohanty")
Nifty outlook and top trading ideas by Devarsh Vakil & Vinay Rajani, technical analysts (PCG desk) at HDFC Securities:
Nifty Outlook
Nifty has seen a sharp fall of more than 380 points (3.75%) from 10,178 to 9,797 in the span of last six sessions. Nifty has violated the crucial support of 10, 20 and 50-DMA in the last three sessions. Next support for the Nifty is seen at around its 100-DMA, which is placed around 9,730. Previous bottom on the daily chart is seen at 9,685, which can also act as a support. Primary trend of the Nifty is bullish, but short
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