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Decisive hold above 9,218 can push Nifty to life-time high: Chandan Taparia

The downside supports on Nifty are seen at 9,191 and 9,135, says brokerage Motilal Oswal

bull market, rise, rally, sensex, share
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bull market, rise, rally, sensex, share

Chandan Taparia Mumbai
Outlook:

Nifty index opened positive and rallied by around 100 points towards 9,225. It formed a Bullish candle on daily chart and closed near its falling supply trend line. It made a strong conviction bar indicating buyers are firmly in control of the market. Now a decisive hold above 9,218 could lead the index towards new life-time high territory of 9,280, while on the downside supports are seen at 9,191 and 9,135.

Stocks:

VOLTAS

Reco: BUY
Last Close: Rs 415
Stop Loss: Rs 407
Target: Rs 435

Price action in Voltas shows a sharp uptrend. Prices see a corrective decline and this decline is now taking support at