Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW:
Nifty has given a strong bounce back, however for the confirmation of this continuation of the up move, it is essential for Nifty to move past 10,350-10,380 levels decisively. The support for the week is seen at 10,120 while resistance is seen at 10,450.
BUY LIC HOUSING FINANCE
CMP: Rs 604.60
TARGET: Rs 665
STOP LOSS: Rs 574
The stock has witnessed a good correction from the peak of 675 to bottom out at
NIFTY VIEW:
Nifty has given a strong bounce back, however for the confirmation of this continuation of the up move, it is essential for Nifty to move past 10,350-10,380 levels decisively. The support for the week is seen at 10,120 while resistance is seen at 10,450.
BUY LIC HOUSING FINANCE
CMP: Rs 604.60
TARGET: Rs 665
STOP LOSS: Rs 574
The stock has witnessed a good correction from the peak of 675 to bottom out at