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Intraday support for Nifty seen at 10,040: Prabhudas Lilladher

Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher

markets, stocks, sensex, nifty, bse, nse
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Vaishali Parekh Mumbai
Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:

Nifty View:

Nifty once again resisted at the level of 10130 and witnessed some profit-booking amid global cues and we anticipate the consolidation to continue for some more time before any fresh movement in the market occurs. As said earlier a breakout above 10,150 decisively can only bring about a fresh new round of rally for Nifty. The support for the day is seen at 10,040 while resistance is seen at 10,135.
  
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CMP: Rs 60.80       
TARGET: Rs 67      
STOP LOSS: Rs 57

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