 "Nifty outlook and few trading ideas by Prabhudas Lilladher for today")
NIFTY VIEW:
Nifty more or less continues to sustain above 10500 levels, however there is not much to talk about the clarity in trend unless we move past 10630 levels or a break of 10400 levels. The support for the day is seen at 10480 while resistance is seen at 10600. Bank Nifty continues to struggle with all ongoing domestic issues & hence this sector should take a while to stabilize.
BUY GAIL
CMP: Rs 475.90
TARGET: Rs 515
STOP LOSS: Rs 458
The stock has more or less made a double bottom formation in the daily chart and has given
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