 "A man walks past the NSE (National Stock Exchange) building in Mumbai (Photo: PTI)")
Few trading ideas by Devarsh Vakil & Vinay Rajani - PCG Desk, HDFC securities:
Nifty Outlook
Remain Long in Nifty with stoploss at 9,900: Nifty has retraced more than 61.8% of the entire downswing seen from the all-time high of 10,178 to the recent bottom 9,687. Nifty has again surpassed the psychological resistance level of 10,000. The index has been rising for last 8 consecutive sessions and it has risen more than 340 points during this period. The only resistance for the Nifty is seen at its all-time high 10,178. Support is now shifted upwards to 9,920 in Nifty. So to conclude,
