 "Equity fund managers, Stock markets, Indian stocks")
Nifty outlook and technical calls by Devarsh Vakil & Vinay Rajani - PCG Desk, HDFC Securities:
Nifty View: Nifty has been consolidating in the range of 10,400-10,550 for last 10 sessions. Primary trend is still bullish with higher tops and higher bottoms. Previous top on the daily chart is placed at 10,329, which is likely to act as a short term support. Recent Top formed at 10,545 would remain as a strong resistance. We expect nifty to remain in to consolidation till it breaks the consolidation range of 10,300-10,550 on the either side. However, stock specific bullish trend is
Nifty View: Nifty has been consolidating in the range of 10,400-10,550 for last 10 sessions. Primary trend is still bullish with higher tops and higher bottoms. Previous top on the daily chart is placed at 10,329, which is likely to act as a short term support. Recent Top formed at 10,545 would remain as a strong resistance. We expect nifty to remain in to consolidation till it breaks the consolidation range of 10,300-10,550 on the either side. However, stock specific bullish trend is
