Top trading ideas for today's trade: Buy Cadila Health, sell NMDC

Nifty outlook and top trading ideas by Sacchitanand Uttekar, AVP - Technical (Equity), Tradebulls:

Nifty Outlook: Nifty respected the upper bound of the ongoing Sloping Channel formation as it escalated towards its 200 DEMA placed near 10110. RSI is a key leading indicator & remains a good yardstick to gauge any early signs of a probable break through. Though its corresponding RSI swing value failed to surpass its previous swing high placed around 48, the probability of an immediate breach above 10300 remains low. The 200 DEMA support level around 10110 would remain a make or break level for the coming sessions as a breach below the same could drag the index below its