Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher
NIFTY VIEW:
Nifty has failed to cross 10,500, however still a minor support of 10,330 is still a deciding factor for Nifty to continue it’s up move, and else we would see it to slide down to 10,280 levels. The support for the day is seen at 10,300 while resistance is seen at 10,400. The daily trend in Nifty, Sensex & Bank Nifty has turned down after 9 days.
BUY ITC
CMP: Rs 265.30
TARGET: Rs 285
NIFTY VIEW:
Nifty has failed to cross 10,500, however still a minor support of 10,330 is still a deciding factor for Nifty to continue it’s up move, and else we would see it to slide down to 10,280 levels. The support for the day is seen at 10,300 while resistance is seen at 10,400. The daily trend in Nifty, Sensex & Bank Nifty has turned down after 9 days.
BUY ITC
CMP: Rs 265.30
TARGET: Rs 285