Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW:
Market is unable to sustain at higher levels, though for now there is no negative bias unless 9,680 breaks decisively. With the RSI bouncing back from the oversold zone in the daily chart, we may not rule out a bounce back going to even 10,000 levels. The support for the day is seen at 9,820 while the resistance is seen at 9,900.
BUY VOLTAS
CMP: Rs 522.95
TARGET: Rs 563
STOP LOSS: Rs 494
The stock after a short correction has taken support at