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Nifty outlook and top trading ideas by Sacchitanand Uttekar Asst Vice President - Research Technicals (Equity), Tradebulls:
Nifty Outlook:
Nifty did witness a rebound from its Make Or Break’ juncture & continues to oscillate within the Downward Sloping Channel on the intraday sale. On the 180 min scale its now trading close to its channel support zone with its corresponding RSI displaying a positive divergence. The pattern would lose its sheen in case 10030 is breached from hereon & the impending move could see a domino effect towards 9720. But any revival on a sustained basis above 10160
Nifty Outlook:
Nifty did witness a rebound from its Make Or Break’ juncture & continues to oscillate within the Downward Sloping Channel on the intraday sale. On the 180 min scale its now trading close to its channel support zone with its corresponding RSI displaying a positive divergence. The pattern would lose its sheen in case 10030 is breached from hereon & the impending move could see a domino effect towards 9720. But any revival on a sustained basis above 10160
