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Here are a few trading ideas by Chandan Taparia, Derivatives and Technical Analyst & PFA at MOSL:
Nifty Outlook:
Nifty formed a narrow range body post the Doji formation keeping the positive trend intact. It continued its bullish move for sixth consecutive session and registered a fresh 52 weeks highs of 8982. Overall the immediate trend may remain positive until it doesn’t break its trend line support of 8820. Now it has to continue to hold above 8888 to extend its up move towards 9000 and its life time high of 9119 while on the downside supports are
Nifty Outlook:
Nifty formed a narrow range body post the Doji formation keeping the positive trend intact. It continued its bullish move for sixth consecutive session and registered a fresh 52 weeks highs of 8982. Overall the immediate trend may remain positive until it doesn’t break its trend line support of 8820. Now it has to continue to hold above 8888 to extend its up move towards 9000 and its life time high of 9119 while on the downside supports are
