Nifty outlook and top trading ideas by Devarsh Vakil & Vinay Rajani - PCG Desk, HDFC securities:
Nifty View: In the period of December 6, 2017 to December 11, 2017, Nifty recovered sharply from 10,033 to 10329 in the span of just 3 sessions. However, lower top and lower bottom formation is still intact on the Nifty daily chart, indicating the profit-booking taking place on rise. on Wednesday, Nifty corrected more than 80 points, which does not indicate any change in a trend but we need to observe if Nifty forms higher bottom or not. Higher bottom above 10,030, followed by