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.
BUY IDFC BANK
CMP: Rs 60.80
TARGET: Rs 67
STOP LOSS: Rs 57