Nifty outlook and top three trading ideas by chandan taparia of mosl

Nifty outlook and top three trading ideas by Chandan Taparia of MOSL

Nifty Outlook and few trading ideas by Chandan Taparia, Derivatives and Technical Analyst at MOSL: STOCK MARKET IOC Reco: BUY Last Close: Rs 419 Stop Loss: Rs 409

Target: Rs 445 It has made multiple lows at Rs 403 in the last couple of days, which suggests sustained buying interest at this level. It made three outside up pattern which is a bullish sign. Price action sees a strong momentum and it is likely to witness more upside towards Rs 445. Thus, we recommend buying at current levels with a stop below Rs 409 for a rally towards Rs 445.

YES BANK Reco: BUY Last Close: Rs 1,778 Stop Loss: Rs 1,740 Target: 1,850 Major trend of the stock is positive and recent declines from Rs 1,860 to Rs 1,700 provides a fresh buying opportunity. It has been among the outperformer in last couple of months so a stability or a bounce back in index could start the fresh leg of rally.

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