Stock calls by Tradebulls Securities: Buy M&M, Aurobindo Pharma

Nifty outlook and top trading ideas from Sacchitanand Uttekar, DVP – Technical (Equity), Tradebulls Securities:

Nifty Outlook:

As expected the index witnessed a move towards the confluence zone of its 200 DEMA & 20 EMA placed now around 10750-10710. Post a rally of nearly 600 points from its swing bottom around 10138 the index witnessed some bouts of profit booking as the index slipped back towards its 5 DEMA support placed around 10480. India VIX, on the other hand, has witnessed a cool off of around 4% during the week & seems have shifted its range to 20-15.50. Abrupt spurts