Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW:
Nifty though has its daily trend down, it still is sustaining above its crucial support of 10120 levels. Bank Nifty too has its near term support at 23900, hence a bounce from these levels cannot be ruled out. The support for the day is seen at 10130 while resistance is seen at 10220.
BUY RALLIS INDIA
CMP: Rs 239.45
TARGET: Rs 260
STOP LOSS: Rs 228
The stock has made a U-turn recovery and
NIFTY VIEW:
Nifty though has its daily trend down, it still is sustaining above its crucial support of 10120 levels. Bank Nifty too has its near term support at 23900, hence a bounce from these levels cannot be ruled out. The support for the day is seen at 10130 while resistance is seen at 10220.
BUY RALLIS INDIA
CMP: Rs 239.45
TARGET: Rs 260
STOP LOSS: Rs 228
The stock has made a U-turn recovery and