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Here are a few trading ideas by Chandan Taparia, Derivatives and Technical Analyst & PFA at MOSL:
Nifty Outlook:
Nifty index remained in a narrow range and closed with the marginal loss of around 10 points on the last trading sessions of April series. It seems to taking a pause after a swift rally of 250 points in last three sessions but major trend of the market is still positive as it is making higher lows. Now it has to hold above 9,350 to extend its up move towards 9,400-9,420 while on the downside multiple support are seen
Nifty Outlook:
Nifty index remained in a narrow range and closed with the marginal loss of around 10 points on the last trading sessions of April series. It seems to taking a pause after a swift rally of 250 points in last three sessions but major trend of the market is still positive as it is making higher lows. Now it has to hold above 9,350 to extend its up move towards 9,400-9,420 while on the downside multiple support are seen
