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Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
Nifty View:
The downslide has begun with now Nifty resting at a support of 9,850, a break of this would slide it further down to 9,750-9,600 levels. Nifty needs to cross 9,920 to confirm the end of correction. The support for the day is seen at 9,825 while resistance is seen at 9,920.
BUY COAL INDIA
CMP: Rs 257.05
TARGET: Rs 275
STOP LOSS: Rs 245
The stock has made a higher bottom formation pattern at around Rs 248 in the daily chart and now has
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