 "Nifty Outlook and top trading ideas from Chandan Taparia of MOSL")
Nifty Outlook and few trading ideas by Chandan Taparia, Derivatives and Technical Analyst & PFA at MOSL
Nifty Outlook:
Nifty will remian narrow ranged throughout the day and the volatility is lowest in several weeks. The candle for the day was a star indicating extreme uncertainty in the market. The level of 9,620-9,635 is providing support to the index and if this level does not hold then we can expect the market to decline towards 9,580 and 9,550. In case Index manages to move above 9,680 we may see a rally towards 9,750 and higher levels.
Stocks
Nifty Outlook:
Nifty will remian narrow ranged throughout the day and the volatility is lowest in several weeks. The candle for the day was a star indicating extreme uncertainty in the market. The level of 9,620-9,635 is providing support to the index and if this level does not hold then we can expect the market to decline towards 9,580 and 9,550. In case Index manages to move above 9,680 we may see a rally towards 9,750 and higher levels.
Stocks
