Stick To Stocks Outside Nifty And Sensex; 3 Scrips Which Can Give Up To 15% Return

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The current uptrend will resume once we see Nifty breaking past the 10,480-10,500 resistance zone on a closing basis. Post which we expect Nifty making a dash towards the 10,580-10,610 zoneAfter hitting a fresh life-time high in the previous trading session, Nifty consolidated around the 10,470-10,500 zone on Thursday. Once again post fresh highs, traders preferred to take some money off the table as the PSU banks, select auto and media stocks were on the receiving end.

The Nifty50 formed a bearish engulfing kind of a pattern on Wednesday followed by a shooting star candlestick pattern indicating indices may enter into another phase of consolidation.

The current uptrend will resume once we see Nifty breaking past the 10,480-10,500 resistance zone on a closing basis. Post which we expect Nifty making a dash towards the 10,580-10,610 zone.

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