Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW
NIFTY VIEW
Nifty on intraday basis breached 10435 levels for which a high of 10478 was made however closed below 10435 whereby market is likely to consolidate at these levels with near term support at 10350 levels. The support for the day is seen at 10360 while the resistance would be seen at 10480 levels.
BUY HDFC LIFE
CMP : Rs 442.10
TARGET : Rs 475
STOP LOSS : Rs 426
CMP : Rs 442.10
TARGET : Rs 475
STOP LOSS : Rs 426
The stock has made a