A move above 9680 could amplify Nifty to 9740-9830: Sacchitanand Uttekar

Here are two stock ideas and Nifty outlook from Tradebulls

Nifty Outlook

Breakout from the intraday channel seems to have re-established the momentum  in Nifty. The anticipated level of 9,630 was breached with good volumes as the index saw a swift move towards 9,680. The recent pullback in today’s session provides a good opportunity to add further longs. A follow-through in the coming session above 9,680 could amplify its momentum towards 9,740-9,830 zone (upper end of oscillation). High risk traders could opt for adding further longs with a revised stop below 9,560.

Stocks

Stock Name: Mahanagar Gas

Reco: BUY

CMP: Rs 994.65   

Stop Loss: Rs 956

Target: Rs 1085

MGL has been