 "Markets, Buy, Sell, Stocks, Shares")
Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW
The trend of all periodicities has turned down in Nifty with the weekly trend turning down after 6 weeks bringing in a lot of erosion in the stocks. The lower top formation continues to confirm a weak trend having further room for correction. The support for the week is seen at 10400 while resistance is seen at 10760. FMCG sector continues to show strength while other sectors have got in a corrective move. The bias still continues to be corrective.
BUY ITC
CMP: Rs
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