Decisive hold above 10350 to extend Nifty's move to 10400: Chandan Taparia

Nifty outlook and key trading ideas by Chandan Taparia, Derivatives & Technical Analyst at Motilal Oswal Securities:

Outlook:

Nifty index formed a Spinning Top candle and remained volatile for the most part of the session. It failed to hold above 10,370 but managed to attract buying interest on decline near to 10300 zones. It has been consolidating in between 10,300 to 10,370 from the last three trading sessions and requires a decisive hold above 10,350 to extend its move towards 10,400, then 10,420 levels. On the downside it has support at 10,300, then 10,250.

Stocks:

TVS MOTORS

Reco: BUY

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