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Nifty outlook and top trading ideas by Devarsh Vakil & Vinay Rajani, technical analysts (PCG desk) at HDFC Securities:
Nifty Outlook:
Nifty has surpassed the crucial resistance of 9,988, and is all set to register a new all-time high above 10,137. Despite lot of uncertainty, charts indicated the dominance of bulls over bears in the last one month and it seems to be getting right so far. Earlier resistance of 9,988 is expected to interchange its role as a support going forward for Nifty. Oscillators are showing bullish momentum on the weekly charts. Higher tops and higher bottoms are also well intact.
