Nifty view and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
Nifty View
Nifty has its monthly trend up since the past 7 months while the weekly trend is down since 3 weeks. The level of 9,950 still holds as a crucial resistance level. However, the support for the day is seen at 9,875 while resistance is seen at 9,960.
CEAT - BUY
CMP: Rs 1,705.70
TARGET: Rs 1,860
STOP LOSS: Rs 1,620
The stock has been in consolidation for some time at around 1650 levels and
Nifty View
Nifty has its monthly trend up since the past 7 months while the weekly trend is down since 3 weeks. The level of 9,950 still holds as a crucial resistance level. However, the support for the day is seen at 9,875 while resistance is seen at 9,960.
CEAT - BUY
CMP: Rs 1,705.70
TARGET: Rs 1,860
STOP LOSS: Rs 1,620
The stock has been in consolidation for some time at around 1650 levels and