Nifty outlook and top trading ideas by Tradebulls Securities for today

Nifty outlook and top trading ideas by Sacchitanand Uttekar, DVP – Technical (Equity), Tradebulls Securities:

Nifty Outlook:

Nifty retraced most of its losses from its previous session but remained constrained within its previous days range. On the daily scale it has formed an ‘Inside Bar’ formation which could be a yardstick for assessing the momentum in the coming session. The pattern exhibits a range of 10,700-10,790 outside which the index could witness momentum. Options data has been exhibiting major bounds placed around 10,600-10,900 for the week & hence the action outside the ‘Inside Bar’ also could remain within limits. Hence aggressive positions