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Nifty outlook and top technical calls from Sacchitanand Uttekar, AVP – Technical (Equity) at Tradebulls Securities:
Nifty Outlook
The market breadth & stock mix remains good as the Nifty regained its strength. The bullish sequence on the short term trend which commenced from 9,450 is yet to witness any major distortion. On the daily scale, the index had recently witnessed a Spinning top formation but not at the peak of the trend thus conveying that the indecisiveness shall remain for a while until the index rests within 9,900-9,780.
Therefore, a sustained move above 9,900 could see Nifty
Nifty Outlook
The market breadth & stock mix remains good as the Nifty regained its strength. The bullish sequence on the short term trend which commenced from 9,450 is yet to witness any major distortion. On the daily scale, the index had recently witnessed a Spinning top formation but not at the peak of the trend thus conveying that the indecisiveness shall remain for a while until the index rests within 9,900-9,780.
Therefore, a sustained move above 9,900 could see Nifty
