Nifty outlook and top trading ideas by HDFC Securities for today

Nifty outlook and technical calls by Nandish Shah, Senior Technical & Derivatives Analyst at HDFC Securities:

Nifty near 10100 support

Nifty has formed Doji pattern yesterday which Indicates indecision between bulls and bears and considered as a sign of possible reversal of price direction. For confirmation of the pattern, Nifty should close above Monday’s high i.e. 10,250 level. RSI oscillator on the Nifty has also confirmed the positive divergence yesterday on the daily charts, where the price has made new low and oscillator formed a higher low. This setup indicates that bears seem to have lost the dominance gradually and there could