Top trading calls by Sacchitanand Uttekar of Motilal Oswal

Here are a few trading ideas by Sacchitanand Uttekar, Equity Technical Analyst & PFA at MOSL

Here are a few trading ideas by Sacchitanand Uttekar, Equity Technical Analyst & PFA at Motilal Oswal Securities:

Nifty Outlook

Final lap for the year proved beneficial as Nifty regained its strength and reclaimed 8,100. The Occurrence of the ‘Bullish Engulfing’ formation near the critical support zone confirms the strength in the support and raises expectation of a pullback towards 8,350-8,450. Any negation of the pattern would prove detrimental and result into a sharp reversal. Hence, 7,900 remains a critical level for the coming months ahead.

POWER GRID

Reco: BUY

Last Close: Rs 183.65

Target: Rs 195

Positive sector outlook and mature continuation pattern augurs