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Top two trading ideas by Sacchitanand Uttekar of Tradebulls Securities

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

Markets, Buy, Sell, Stocks
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Sacchitanand Uttekar Mumbai
Nifty continues to retain its higher highs sequence for third straight trading session; however, so far it has lacked the required strength in momentum to surpass the resistance level of 12,000  which still has a strong hold by the call writers. Strong rollover data along with seasonality factor analysis for July compliments for a strong bull case scenario to unfold. It has been observed that 7/10 instances since 2008 the month of July have registered strong positive returns MoM (month-on-month).

Fanning of 5 and 20 Double Exponential Moving Average (DEMA) along with relative strength index (RSI) sustaining above 50

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