Stock calls by Tradebulls Securities: Buy Axis Bank, sell Indigo

Nifty outlook and top trading ideas from Sacchitanand Uttekar, DVP - Technical (Equity), Tradebulls Securities.

Volatility picks up in the final stages of the February F&O series expiry as the Nifty oscillates within the 10,960-10,730 range amid escalating Indo-Pak tensions. Nifty revisited its 200- DEMA (double exponential moving average) yet again, only to find support which helped it pull itself back above 10,800. This oscillation mode could continue within the range of 10,930-10,730, while only a sustained move above 10,960 could see a move towards 11,100. Any decline below 10,700 from here on could be detrimental for the ongoing momentum as it would mark an end of bullish momentum. With consolidation resistance almost tested, as