Nifty outlook and top trading ideas for today's trade: Motilal Oswal

Few trading ideas by Chandan Taparia, Derivative & Technical Analyst at Motilal Oswal Securities:

Nifty Outlook:

Nifty index continued its formation of higher highs – higher lows for seventh consecutive session and headed towards 10,050 zones. It closed above its 61.80% retracement of the entire down leg from 10,178 to 9,687 and thus making the way to head towards new high territory. It formed a Doji candle for second day in a row and this candle suggests that Bulls and Bears are fighting hard near 10,000 mark. Now it has to continue the formation of higher lows to extend the move towards