Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW
NIFTY VIEW
Nifty after crossing the much awaited resistance of 10,640 has reached the target of 10,700, view still remains bullish but 10,800-10,850 should be a level to watch as this would be a gain of 900 points from its correction which may witness profit booking. The support for the week is seen at 10,550 while resistance is seen at 10,850.
BUY KARNATAKA BANK
CMP: Rs 122.50
TARGET: Rs 135
STOP LOSS: Rs 115
CMP: Rs 122.50
TARGET: Rs 135
STOP LOSS: Rs 115
The stock after the decent