Technical calls: Buy NCL Industries, Godrej Properties

All time high of 10,137 would remain next resistance on Nifty, says HDFC Securities

Nifty outlook and top trading ideas by Devarsh Vakil & Vinay Rajani, technical analysts (PCG desk) at HDFC Securities:

Nifty Outlook: Nifty has been forming higher top and higher bottom formation on the daily charts. At Present, Nifty is placed above 5, 20, 50 and 100 DMAs, indicating bullish setup on time frames. It clearly seems that supply is getting absorbed on every dip and Nifty is climbing wall of worries. All time high of 10,137 would remain next resistance, while support is now shifted upwards to 9,840. Oscillators are also showing strength on the charts. Considering the technical evidences,