Monday, 8 January 2018

Nifty Likely To head Towards 10,630; 4 Stocks Which Can Give Up To 15% Upside

Posted by suhani varma on Monday, January 08, 2018 with No comments


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With a positive outlook on global cues coupled with decent macro data, it signed an uptrend rally in the upcoming session. We expect the index to trade at the rangebound level at 10,630 on upside and 10,430 on the downside.


The Indian equity market poised a fresh higher level despite trading on sideways direction during the initial trading session. The Nifty index managed to decisively breakout from its crucial level and closed the session on record high level at 10,558.

The breakout from the truncated movement is certainly indicating a bullish rally for long-term if the index manages to hold above 10,550 level on a closing basis.


On the daily price chart, the index formed a small bullish candlestick pattern after remaining under downtrend in two out of five trading sessions and gave a positive outlook for the next session.

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