 "bull market, rise, rally, sensex, share")
Nifty Outlook and few trading ideas by Chandan Taparia, Derivatives and Technical Analyst & PFA at MOSL:
Outlook:
Nifty index opened positive above its immediate hurdle of 9,620 and headed towards 9,680 zone. It has negated its formation of lower top – lower bottom and has given the upside breakout from its falling channel on the hourly scale. Now it has to continue to hold above 9,620 zone to witness an up move towards its lifetime high of 9,709 and 9,750 mark, while on the downside supports are seen at 9,580 and 9,550.
Stocks:
ITC
Reco: BUY
Last Close: Rs 310
Stop Loss: Rs 302
Target: Rs 325
ITC
