Business Standard

Nifty may enter 9,550-9,600 zone if its holds above 9,450: Chandan Taparia

Here are a few trading ideas by Chandan Taparia, Derivatives and Technical Analyst & PFA at MOSL

Chandan Taparia  |  Mumbai 

Outlook: Nifty index opened positive and witnessed strong up move as it rallied by more than 150 points. It made a strong Bullish Candle on the daily chart by negating its formation of lower highs of last three trading sessions. It has almost engulfed the price consolidation of last five trading sessions and closed strongly above 9,500 mark. Now it has to hold above 9,450 zone to witness an up move towards 9,550 and 9,600 zone, while on the downside supports are seen at 9,420 and 9,380. Stocks: HERO MOTOCORP Reco: BUY Last Close: Rs 3626 Stop Loss: Rs ...

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First Published: Fri, May 26 2017. 08:16 IST
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