Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
NIFTY VIEW:
The year is likely to open with a positive start having Nifty at all time high levels. The IT Index is all set for a takeoff & likely to do well in days to come. Nifty at 10530 with RSI above 63 levels implies scope for further up move. The support for the week is seen at 10400 while resistance is seen at 10650.
BUY CAPITAL FIRST
CMP: Rs 692.95
TARGET: Rs 770
STOP LOSS:
NIFTY VIEW:
The year is likely to open with a positive start having Nifty at all time high levels. The IT Index is all set for a takeoff & likely to do well in days to come. Nifty at 10530 with RSI above 63 levels implies scope for further up move. The support for the week is seen at 10400 while resistance is seen at 10650.
BUY CAPITAL FIRST
CMP: Rs 692.95
TARGET: Rs 770
STOP LOSS: