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Nifty outlook and two trading ideas by Sacchitanand Uttekar, AVP – Technical (Equity), Tradebulls:
Nifty Outlook
Nifty has commenced the week on a strong footing as it opened above the apex (9,950) of the contracting range in which it had oscillated during its past 3 weeks. The broad based participation compliments the setup & the ongoing momentum could see the index scale above its current life high placed around 10,138. The momentum could only be distorted in case 10,030 is breached from hereon on a closing basis and hence serves as a trail stop for trading longs. We expect the index to
