Nifty to find support within 9,580-9,550 in short-term: Chandan Taparia

Nifty Outlook and few trading ideas by Chandan Taparia, Derivatives and Technical Analyst at MOSL

Nifty Outlook and few trading ideas by Chandan Taparia, Derivatives and Technical Analyst & PFA at MOSL:

Outlook:

Nifty index formed a Shooting Star Candle on the Daily chart as it failed to surpass 9,700 zone and corrected sharply in the second half of the session. Index failed to give range breakout and again got stuck in a broader trading range as it has been consolidating in between 9,560 to 9,700 zones from last seventeen trading sessions. Now it has to give a decisive range breakout of the recent trading band for a next leg of rally. With a short term point