Nifty needs to hold above 9,928 to hit 10,000 mark, says Chandan Taparia

Nifty Outlook and few trading ideas by Chandan Taparia of Motilal Oswal Securities

 

Nifty Outlook and few trading ideas by Chandan Taparia, Derivatives and Technical Analyst at MOSL:

Nifty index managed to surpass previous high of 9,928 and made a new lifetime high of 9,982. It gave a consolidation breakout of last seven trading sessions and closed with the gains of around 50 points. It made a Bullish Candle at new high territory and is just shy to test its historical 10,000 mark. Now it has to continue to hold above 9,928 to witness an up move towards 10,000 then 10,100 levels while on the downside supports are seen