Nifty outlook and top stock ideas by Tradebulls for today

Nifty outlook and top stock ideas by Sacchitanand Uttekar, DVP – Technical (Equity), Tradebulls:

Nifty Outlook:

Nifty respected the 10,550 support well & today’s rebound reconfirms the strength in the support. On the flip side the headwinds near 10,770 could remain valid for a day or so but the ongoing sequence of higher tops & bottoms on the hourly charts augur well for a breakout soon. Lately some of the key heavy weights have displayed strength & supporting the index to maintain its run while selective mid caps are forming reversal signals. Hence it’s prudent to maintain a bullish bias until 10,500