 "markets, stocks, sensex, nifty, bse, nse")
Nifty outlook and top trading ideas by Devarsh Vakil & Vinay Rajani, technical analysts (PCG desk) at HDFC securities:
Nifty Outlook
Nifty has failed to surpass the crucial resistance of its previous top 9948 and turned southward. Any level below 9740 would form lower bottom and would also violate the support of upward sloping trend line on the daily charts. Far Support is seen at 9450 in Nifty. However, Close above 9925 would be considered bullish, which might pull Nifty towards new all-time highs above 10137.
TINPLATE - BUY
CMP: Rs 155.55
STOP LOSS: Rs 146
TARGET:
Nifty Outlook
Nifty has failed to surpass the crucial resistance of its previous top 9948 and turned southward. Any level below 9740 would form lower bottom and would also violate the support of upward sloping trend line on the daily charts. Far Support is seen at 9450 in Nifty. However, Close above 9925 would be considered bullish, which might pull Nifty towards new all-time highs above 10137.
TINPLATE - BUY
CMP: Rs 155.55
STOP LOSS: Rs 146
TARGET:
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