Business Standard

Nifty outlook and technical calls by Chandan Taparia of MOSL

Recommends buying Hindalco, TVS Motor Company

Chandan Taparia  |  Mumbai 

markets, shares, stocks, investor, BSE, Nifty, Sensex
Photo: Shutterstock

Nifty Outlook and few trading ideas by Chandan Taparia, Derivatives and Technical Analyst & PFA at MOSL
 
Nifty Outlook:


 
Nifty index opened negative and corrected towards 9,600 zone. It made a small bearish candle on the daily chart and started to form lower highs – lower lows from last two sessions. It has given a lowest daily close in last ten trading sessions and now a hold below 9620 may drag it towards 9,580 and 9,550 while on the upside hurdles are seen at 9,680-9,700 zones to start the next up move.
 
Stocks:
 
- BUY
LAST CLOSE: Rs 522
STOP LOSS: Rs 540
TARGET: Rs 577
 
It has taken support at rising trend line and given a consolidation breakout from its narrow ranged trading days. Positive sector outlook and price setup of the stock suggests a fresh rally in next coming sessions.
 
- BUY
LAST CLOSE: Rs 201
STOP LOSS: Rs 195
TARGET: Rs 215
 
Managed to hold above 200 mark on weekly closing basis with strong buying in most of the metal counters.
 
- BUY
LAST CLOSE: Rs 757
STOP LOSS: Rs 743
TARGET: Rs 793
 
Fresh consolidation breakout by forming a pole and Flag pattern on the lower degree chart.
 
Disclaimer: is a Deivatives and Technical Analyst at  

RECOMMENDED FOR YOU

Nifty outlook and technical calls by Chandan Taparia of MOSL

Recommends buying Hindalco, TVS Motor Company

Recommends buying Hindalco, TVS Motor Company Nifty Outlook and few trading ideas by Chandan Taparia, Derivatives and Technical Analyst & PFA at MOSL
 
Nifty Outlook:
 
Nifty index opened negative and corrected towards 9,600 zone. It made a small bearish candle on the daily chart and started to form lower highs – lower lows from last two sessions. It has given a lowest daily close in last ten trading sessions and now a hold below 9620 may drag it towards 9,580 and 9,550 while on the upside hurdles are seen at 9,680-9,700 zones to start the next up move.
 
Stocks:
 
- BUY
LAST CLOSE: Rs 522
STOP LOSS: Rs 540
TARGET: Rs 577
 
It has taken support at rising trend line and given a consolidation breakout from its narrow ranged trading days. Positive sector outlook and price setup of the stock suggests a fresh rally in next coming sessions.
 
- BUY
LAST CLOSE: Rs 201
STOP LOSS: Rs 195
TARGET: Rs 215
 
Managed to hold above 200 mark on weekly closing basis with strong buying in most of the metal counters.
 
- BUY
LAST CLOSE: Rs 757
STOP LOSS: Rs 743
TARGET: Rs 793
 
Fresh consolidation breakout by forming a pole and Flag pattern on the lower degree chart.
 
Disclaimer: is a Deivatives and Technical Analyst at  
image
Business Standard
177 22

Nifty outlook and technical calls by Chandan Taparia of MOSL

Recommends buying Hindalco, TVS Motor Company

Nifty Outlook and few trading ideas by Chandan Taparia, Derivatives and Technical Analyst & PFA at MOSL
 
Nifty Outlook:
 
Nifty index opened negative and corrected towards 9,600 zone. It made a small bearish candle on the daily chart and started to form lower highs – lower lows from last two sessions. It has given a lowest daily close in last ten trading sessions and now a hold below 9620 may drag it towards 9,580 and 9,550 while on the upside hurdles are seen at 9,680-9,700 zones to start the next up move.
 
Stocks:
 
- BUY
LAST CLOSE: Rs 522
STOP LOSS: Rs 540
TARGET: Rs 577
 
It has taken support at rising trend line and given a consolidation breakout from its narrow ranged trading days. Positive sector outlook and price setup of the stock suggests a fresh rally in next coming sessions.
 
- BUY
LAST CLOSE: Rs 201
STOP LOSS: Rs 195
TARGET: Rs 215
 
Managed to hold above 200 mark on weekly closing basis with strong buying in most of the metal counters.
 
- BUY
LAST CLOSE: Rs 757
STOP LOSS: Rs 743
TARGET: Rs 793
 
Fresh consolidation breakout by forming a pole and Flag pattern on the lower degree chart.
 
Disclaimer: is a Deivatives and Technical Analyst at  

image
Business Standard
177 22