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Nifty outlook and technical calls from Chandan Taparia, AVP- Equity Derivatives & Technical, MOSL:
Outlook :
Nifty index opened positive but failed to surpass previous day’s high of 10227 and slipped towards 10100 zones. It formed a Bearish candle on the daily chart and witnessed sustain selling pressure in the last one hour of the session. It is hovering near to its 200 DEMA but follow-up buying is missing even after its recent swing support at 10050 zones. Now it has to cross and hold above 10141 zones to witness a bounce towards 10222 then 10276 while a
Outlook :
Nifty index opened positive but failed to surpass previous day’s high of 10227 and slipped towards 10100 zones. It formed a Bearish candle on the daily chart and witnessed sustain selling pressure in the last one hour of the session. It is hovering near to its 200 DEMA but follow-up buying is missing even after its recent swing support at 10050 zones. Now it has to cross and hold above 10141 zones to witness a bounce towards 10222 then 10276 while a
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