Expect downside supports on Nifty within 9,350-9,320 zone: Chandan Taparia

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

Outlook :

Nifty index opened positive and made a new record life time high of 9,450. However it failed to continue its momentum and by the close it corrected towards 9,410. Index has formed a small bearish candle on the daily chart as it fell down from its opening levels. Now it has to continue to hold above 9,380 zone to witness an up move towards 9,450 and 9,500 while on the downside supports are seen at 9,350 and 9,320.

Stocks:

STATE BANK