Top trading ideas for today's trade: Buy Bharat Forge, UPL ltd

Nifty outlook and technical calls by Devarsh Vakil & Vinay Rajani - PCG Desk, HDFC Securities:

Nifty View: Nifty has been trading in the upward sloping channel on the daily charts and recent bottom of 10276 is placed around the lower band of that channel. So, there are good chances of bounce back from current levels. Any close above 10638, without violating the support of 10276 would result in to higher bottom followed by higher top on daily charts, indicating short term bullish trend reversal. Stochastic oscillator has exited from the oversold zone, indicating probable bullish trend reversal on the daily charts. Resistances for Nifty are 10638, 10724 and 10830. Long terms support for the Nifty