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Nifty outlook and technical calls by Devarsh Vakil & Vinay Rajani - PCG Desk, HDFC Securities:
Nifty View: Nifty has been rising for last 6 sessions and it has registered new all-time high at 10,646. Though the trend is bullish and gains are extending on the daily basis, advance decline ratio does not reflect the confidence of the bulls in the trading. Support is now shifted upward to 10,550, which happened to be the previous top on the daily charts. As far as resistance is concerned, the levels to watch out for are 10,740 and 10,900.
Buy Torrent
Nifty View: Nifty has been rising for last 6 sessions and it has registered new all-time high at 10,646. Though the trend is bullish and gains are extending on the daily basis, advance decline ratio does not reflect the confidence of the bulls in the trading. Support is now shifted upward to 10,550, which happened to be the previous top on the daily charts. As far as resistance is concerned, the levels to watch out for are 10,740 and 10,900.
Buy Torrent
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