 "fees for handling small or mid-sized IPOs have been more than three per cent in most cases")
Nifty outlook and key trading ideas by Devarsh Vakil & Vinay Rajani - PCG Desk, HDFC securities:
Nifty Outlook:
Nifty has recently found resistance around 10,490 and started correcting, closing below its 5-DMA support. Previous top on the daily chart is placed at 10,250-odd levels, which is likely to act as a strong support going forward. Recent High of 10,490 would remain resistance for the short term. So, we can expect this correction in Nifty to extend towards 10,200-10,250 in the coming days.
Buy KSB PUMPS
CMP: Rs 869
SL: Rs 835
Target: Rs 1035
Stock has been trading in consolidation range of Rs 530 to Rs
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