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Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
Nifty Outlook
Nifty is showing some resistance at the peak levels, post RBI announcement market witnessed some selling pressure. However near-term support lies at 10,020 while a decisive break can drag it to 9,960 level. The support for the day lies at 10,030 while resistance is seen at 10,125.
BUY AMBUJA CEMENTS
CMP: Rs 266.60
TARGET: Rs 290
STOP LOSS: Rs 256
The stock after giving a small correction has made a higher bottom formation pattern in the daily chart with a positive candle and also
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