 "Buy Asian Paints, Infosys and Bank of India, says Prabhudas Lilladher")
Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
Nifty Outlook:
Nifty now gets into the bear grip whereby the sentiment is now corrective with indices showing signs of fatigue at these levels & now the fear of weekly trend too turning down would further bring a corrective bias. The support for the day is seen at 9,860 while resistance is seen at 9,950.
ASIAN PAINTS - BUY
CMP: Rs 1,155.55
TARGET: Rs 1,230
STOP LOSS: Rs 1,100
The stock has had a good run
Nifty Outlook:
Nifty now gets into the bear grip whereby the sentiment is now corrective with indices showing signs of fatigue at these levels & now the fear of weekly trend too turning down would further bring a corrective bias. The support for the day is seen at 9,860 while resistance is seen at 9,950.
ASIAN PAINTS - BUY
CMP: Rs 1,155.55
TARGET: Rs 1,230
STOP LOSS: Rs 1,100
The stock has had a good run
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