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Few trading ideas by Sameet Chavan, Chief Analyst- Technical & Derivatives, Angel Broking:
Nifty Outlook:
Last week’s decent up move was followed by a flat opening in our markets this Monday. The index consolidated for first couple of days around the 10,300 mark. However, we witnessed a smart move on Wednesday mainly bolstered by India’s jump to 100th place (notches up by 30 from last year) in World Bank’s Ease of Doing Business rankings. As a result, the Nifty reached yet another milestone of 10,400 during the midst of the week.
With reference to the previous article, we expected index to march towards
