Page 10 - Nifty Outlook

Nifty placed at a crucial juncture: Sameet Chavan of Angel Broking

If these levels are taken out, this will certainly negate the bearish stance and then the indies can head higher.

Nifty has strong resistance between 11,300 and 11,400: HDFC Securities

There is a lot of uncertainty and clear trend is not visible on the charts

Strong support exists for Nifty at 10,900: CapitalVia Global Research

A short-covering move, along with addition of fresh position, is seen only if somehow Nifty sustains level of 11,200

Support for Nifty is seen at 10,882, says Vinay Rajani of HDFC Securities

Nifty has violated the support of its 50 days EMA. The trend would be considered bearish unless Nifty closes above 11,450

Nifty can test higher levels if it holds 11,400: Nilesh Jain of Anand Rathi

The momentum indicators and oscillators on the weekly scale are very well in 'buy' mode

Nifty outlook & stock picks by Nilesh Jain of Anand Rathi: Buy FDC, Cyient

The momentum indicator for FDC has reversed from the overbought territory which hints of further positive momentum in the counter

11,550-11,650 to act as immediate hurdles: Sameet Chavan of Angel Broking

On the lower side, 11,350-11,200 would be seen as a key support zone

Charts show bulls are making a strong comeback: Nilesh Jain of Anand Rathi

The momentum indicators and oscillators on the weekly scale are very well on buy mode. The volatility index --India VIX -- has also started cooling down which is giving comforts to the bulls

Nifty has entered short-term down trend, says Vinay Rajani of HDFC Sec

It would be advisable to remain bearish in the market unless Nifty surpasses the resistance of 11,585

Nifty outlook and stock picks by Nilesh Jain of Anand Rathi: Buy IRCTC, TCS

The momentum indicators and oscillators are very well in the buy mode on daily as well as weekly scales which hints of a further positive momentum in TCS

Nifty outlook and stock recommendations by Sameet Chavan of Angel Broking

Looking at the technical set up, with last week's price activity, we can see a formation of 'Bearish Engulfing' pattern on weekly chart

Nifty outlook & stock calls by Anand Rathi: Buy TCS, Torrent Pharma

TCS' stock has provided a breakout from a descending triangle pattern on the daily chart

Nifty may resume downtrend if it breaks below 11,350: HDFC Securities

The recent high of 11,794 would continue to act as strong resistance for the Nifty

Nifty outlook & stock calls by Anand Rathi: Buy Bajaj Auto, Relaxo Footwear

The stock of Bajaj Auto has breached its short term 21-DMA which was placed at 3020, which will now act as a major resistance

Nifty outlook & stock calls by Angel Broking: Buy Canara Bank, Info Edge

The entire banking space seems to have revived and is seeing a catch-up move to the broader market

Nifty strategy by Anand Rathi: Buy on dips with stop-loss at 11,450

Banknifty has also started joining the market rally

Charts indicate continuation of up-trend in Nifty: HDFC Securities

Nifty has broken out from the rising wedge pattern on the daily chart

Low volatility giving bulls comfort: Nilesh Jain of Anand Rathi

Nifty's momentum indicators and oscillators on the weekly scales are still in 'buy' mode

Trading strategies by Nilesh Jain of Anand Rathi: Buy Deepak Nitrite, BHEL

BHEL's stock has provided a breakout from a falling wedge pattern on the daily chart

Next target for Nifty is seen at 11,550: Vinay Rajani of HDFC Securities

Traders are advised to hold Nifty longs with 11,200 stoploss and keep it trailing as Nifty rises