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Nifty outlook & trading ideas by Sacchitanand Uttekar, AVP – Technical (Equity) at Tradebulls:
Nifty Outlook:
Nifty maintained its momentum throughout the week post the rebound from the expected support zone. The sequence of higher highs followed by higher lows has been maintained well so far. The breakout from the continuation pattern near 9200 indicates price targets upto 9,400-9,480. Hence we expect the up move to witness a final leg towards the said levels before the up move terminates & hence a trail stop strategy could be prudent so long as 9,250 is not breached.
Stocks:
Nifty Outlook:
Nifty maintained its momentum throughout the week post the rebound from the expected support zone. The sequence of higher highs followed by higher lows has been maintained well so far. The breakout from the continuation pattern near 9200 indicates price targets upto 9,400-9,480. Hence we expect the up move to witness a final leg towards the said levels before the up move terminates & hence a trail stop strategy could be prudent so long as 9,250 is not breached.
Stocks:
