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Resistance on Nifty seen in range of 10,300-10,350: HDFC Securities

Nifty outlook and top trading ideas by Devarsh Vakil & Vinay Rajani - PCG Desk, HDFC securities

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Devarsh VakilVinay Rajani Mumbai
Nifty outlook and top trading ideas by Devarsh Vakil & Vinay Rajani - PCG Desk, HDFC securities: 

Nifty View: In the period of December 6, 2017 to December 11, 2017, Nifty recovered sharply from 10,033 to 10329 in the span of just 3 sessions. However, lower top and lower bottom formation is still intact on the Nifty daily chart, indicating the profit-booking taking place on rise. on Wednesday, Nifty corrected more than 80 points, which does not indicate any change in a trend but we need to observe if Nifty forms higher bottom or not. Higher bottom above 10,030, followed by