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Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW:
Nifty steadily and gradually has recovered from the low of 9,687 and has closed above the 10,000 mark once again and we anticipate the previous peak of 10,178 to be re-tested in the coming days. However, the support for the day would be seen at 9,970 while resistance is seen at 10,060.
BUY CASTROL INDIA
CMP: Rs 367.95
TARGET: Rs 405
STOP LOSS: Rs 350
The stock has corrected well in the last four months from the levels of Rs 450 to bottom
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