Support for Nifty seen at 10,400, resistance at 10,740: HDFC Securities

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

Nifty View: Nifty has managed to surpass the crucial resistance of 10500 on closing basis. Last week, Nifty broke out from the bullish “Flag” pattern on the weekly chart, which indicates the fresh momentum buying in the Index. Support for the Nifty is seen at 10400, while upside target for the same is somewhere around 10740 in the coming days. Price Peak and trough setup, Moving averages setup, Oscillators Setup all are in favor of bulls. Midcap and Small cap indices are likely to