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Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher.
NIFTY VIEW
In spite of some hiccups midway, Nifty witnessed a good recovery on weekly basis to gain over 2% to turn up the weekly trend positive after 9 weeks. The sentiment has improved little bit and now a decisive breach above 10480 would bring about a conviction for further upward movement. However, the support for the week is seen at 10080 while the resistance would be at 10550 levels.
BUY GAIL
CMP: Rs 334.25
TARGET: Rs 360
STOPLOSS: Rs 312
CMP: Rs 334.25
TARGET: Rs 360
STOPLOSS: Rs 312
The stock has witnessed a
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