 "Markets, Buy, Sell, Stocks")
Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher.
NIFTY VIEW
Nifty has shown signs of exhaustion near the 10600 level which was anticipated and the chances of a downward movement in the coming days cannot be ruled out. BankNifty has turned down its trend after 15 days and the sentiment has turned little bit shaky. However, the support for the day is seen at 10470 while the resistance would be at 10570 levels.
BUY ULTRATECH CEMENT
CMP: Rs 3992.35
TARGET: Rs 4250
STOP LOSS: Rs 3840
The stock has witnessed a correction from the peak of 4599
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