Nifty Outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research At Prabhudas Lilladher:
NIFTY VIEW:
Market so far has maintained itself well above its near term support levels, with Nifty having a resistance at 10,385 & support of 10,200. The RSI on daily chart is on an up move indicating strength & potential to re-test the previous high. The support for the day is seen at 10,280 while resistance is seen at 10,370.
BUY MAHANAGAR GAS
CMP: Rs 1,113.75
TARGET: Rs 1,245
STOP LOSS: Rs 1,060
The stock has
NIFTY VIEW:
Market so far has maintained itself well above its near term support levels, with Nifty having a resistance at 10,385 & support of 10,200. The RSI on daily chart is on an up move indicating strength & potential to re-test the previous high. The support for the day is seen at 10,280 while resistance is seen at 10,370.
BUY MAHANAGAR GAS
CMP: Rs 1,113.75
TARGET: Rs 1,245
STOP LOSS: Rs 1,060
The stock has
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