Nifty outlook and technical calls by Devarsh Vakil & Vinay Rajani - PCG Desk, HDFC Securities. Nifty Outlook: Hold Nifty Longs with 10,200 StoplossUpside Target 10,540 Positional setup of Nifty is still bullish with higher tops and higher bottoms. Nifty has surpassed the previous top resistance of 10,251 and registered new all-time high at 10,384 recently. There is no sign of bearish trend reversal seen as of yet on the short term charts of Nifty. We maintain our bullish view in Nifty with the earlier anticipated target at 10,540 and it is also advisable to protect Nifty longs with 10,200 stop loss. Buy GNA AXLESCMP: Rs 380Stop Loss: Rs 365Target: Rs 415 Stock price has broken out from bullish “Flag” pattern on the daily chart, indicating continuation of primary uptrend. Volumes during breakout remained higher, which indicates the strength in