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Support for Nifty is seen at 9875, resistance at 9960: Prabhudas Lilladher

Nifty view and few trading ideas by Vaishali Parekh of Prabhudas Lilladher

markets, stocks, sensex, nifty, bse, nse
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Vaishali Parekh Mumbai
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

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