 "Stock picks for today's session by Motilal Oswal Securities")
Here are a few trading ideas by Sacchitanand Uttekar, Equity Technical Analyst & PFA at Motilal Oswal Securities:
Nifty Outlook
Nifty has retraced its previous declining move within a faster time & confirms the impulse wave characteristics. It also closed the session above its 200 DEMA of 8260. The ongoing momentum is expected to extend towards 8350 & longs could be maintained with a stop below 8145.
ARVIND
Reco: BUY
Last Close: 365.50
Target : 390
Arvind saw a breakout from a triangular consolidation with volumes. The pattern indicates the up move to extend towards 390.
Nifty Outlook
Nifty has retraced its previous declining move within a faster time & confirms the impulse wave characteristics. It also closed the session above its 200 DEMA of 8260. The ongoing momentum is expected to extend towards 8350 & longs could be maintained with a stop below 8145.
ARVIND
Reco: BUY
Last Close: 365.50
Target : 390
Arvind saw a breakout from a triangular consolidation with volumes. The pattern indicates the up move to extend towards 390.
