Trade With A Trailing Stop Loss Of 9,270 On Nifty; 5 Stock Ideas Which Can Give Up To 15% Return

Last week, stock market witnessed a bullish breakout on Wednesday after 10 days of consolidation and made a high of 9,450 on Friday. The index took support at breakout levels placed at 9,370.

Sectoral bias for a heavyweight sector like Nifty IT seems to have shifted to the positive territory, from a perennial weak bias.

Hence, the bias remains positive for 9,670 levels but buying on dips would be preferred. A trailing stop loss for the long can be placed below 9,270 levels on closing basis.

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