 "Markets, Buy, Sell, Stocks, Shares")
Nifty outlook and top trading ideas from Sacchitanand Uttekar, DVP – Technical (Equity), Tradebulls Securities:
Nifty Outlook:
Nifty have been hovering around the 10200 zone as it witnessed a smart recovery again from the lows of 10100-10130 zone. A sustained move above 10260 should trigger a strong short covering rally which could see an extension towards the recent bearish gap area around 10430. On the daily scale the index is yet to witness a firm reversal candlestick formation which could compliment the setup but the RSI divergence as compared to the 11th OCT 2018 low of 10138 looks assuring. Highest PE OI concentration still stands at 10000 while latest significant
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