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Nifty outlook and top trading ideas by Prabhudas Lilladher for today

Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:

Nifty outlook and top trading ideas by Prabhudas Lilladher for today
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Equity fund managers, Stock markets, Indian stocks

Vaishali Parekh New Delhi
NIFTY VIEW:

Market continues to surge high with Nifty having its support level now elevated to 10,580, & Bank Nifty having its support at 25,700. Mid-cap sector has surely come in overbought on daily chart with RSI now making efforts to show signs of trend reversal whereby we maintain a cautious view & book profits. The support for the day is seen at 10,680 while resistance is seen at 10,780.

BUY IDBI BANK
CMP : Rs 62.90
TARGET: Rs 68
STOP LOSS: Rs 60

The stock has more or less made a higher bottom formation pattern in the daily

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