Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher.
NIFTY VIEW
Nifty has gradually progressed towards 10600 levels, hence for near-term 10500 holds to be a crucial support level. The support for the day is seen at 10530 while resistance is seen at 10640
BUY ACC LTD
CMP: Rs 1565.30
TARGET: Rs 1700
STOP LOSS: Rs 1520
The stock has been in a consolidation phase for quite some time and has been maintaining above the significant moving average of 34 WMA signifying strength and potential to regain further upward in the coming days. The RSI has also shown