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Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW:
Nifty has been correcting since seven days after making a high of 10,490 to now a low of 10,094. At this juncture, we may see some bounce coming in. However, the near term resistance would be at around 10,250-10,260 levels. The support for the day is seen at 10,060 while resistance is seen at 10,160.
BUY KOTAK BANK
CMP: Rs 1011.50
TARGET: Rs 1090
STOP LOSS: Rs 970
The stock has made a double bottom formation pattern in the daily chart after correcting from the
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