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Nifty outlook and top trading ideas by Sacchitanand Uttekar, AVP – Technical (Equity), Tradebulls:
Nifty Outlook:
On the daily scale Nifty has displayed a good resilience from its recent supports around 10160 & has been trending well within the range of 10500-10300. The immediate requisite is a sustenance above 10540 which would open the gate towards 10760. The Gap support on the other end near 10240 could be the critical point of evaluation from here on for the ongoing momentum to sustain, so expect the index to fire once above 10540 , else it could remain oscillating for
Nifty Outlook:
On the daily scale Nifty has displayed a good resilience from its recent supports around 10160 & has been trending well within the range of 10500-10300. The immediate requisite is a sustenance above 10540 which would open the gate towards 10760. The Gap support on the other end near 10240 could be the critical point of evaluation from here on for the ongoing momentum to sustain, so expect the index to fire once above 10540 , else it could remain oscillating for
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