Top trading ideas by Tradebulls Securities: Buy VGuard, sell TVS Motors
Nifty outlook and top trading ideas by Sacchitanand Uttekar, DVP – Technical (Equity), Tradebulls Securities: Nifty Outlook: Nifty has been crawling throughout the current month but has managed to keeps its float about 11,500 & inched higher towards 11,800 marks. Out of last 15 trading sessions it has witnessed 11 sessions with narrow ranged action with 7 Doji formations throughout the course. V-GUARD Reco: Buy CMP: Rs 221.90 Fresh breakout from a continuation pattern indicates the ongoing upmove to remain constant. Also a sustained move & a close above its immediate highest CE OI congestion of 220 could derail the option writers confidence & provide further stimulus for the upmove. Expect the move to extend towards 228; hence the same could be participated with a trading stop below 217. TVS MOTORS