Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW:
Nifty took a breather to the ongoing rally to end on a flat note, while the sentiment is still maintained positive and as of now we have a good support at 10,500 -10,520 levels. However, the support for the day is seen at 10,580 while the resistance would be at 10,690 levels.
BUY CHENNAI PETRO
CMP: Rs 442.50
TARGET: Rs 475
STOP LOSS: Rs 420
The stock has been moving in a trending