Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW:
Nifty has got its daily trend down after 14 days, while weekly trend continues to be positive unless it closes below 10432. The support for the day is seen at 10420 while resistance is seen at 10520.
BUY HINDUSTAN ZINC
CMP: Rs 311.45
TARGET: Rs 338
STOP LOSS: Rs 298
The stock has made a higher bottom formation pattern at Rs 281 in the daily chart and it was also where the 200-DMA was lying and so a strong support has been maintained. The