 "fees for handling small or mid-sized IPOs have been more than three per cent in most cases")
Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW:
The daily and weekly trend in Nifty continues to be up while the monthly trend would turn up with a close above 9,950. The support for the week is seen at 10,150 while resistance is seen at 10,500. Nifty would now have near term resistance at 10,500.
BUY CIPLA
CMP: Rs 625.05
TARGET: Rs 680
STOP LOSS: Rs 600
The stock has made a higher bottom formation pattern in the daily chart signifying a positive bias in the upward direction and also the sentiment in
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